Current Attempt in Progress Pharoah Company provides the following selected information related to its defined benet pension plan for 2025 Pension anset/ahity Uanuary 1) Accumulated benet obligation December 31) Actual and expected return on plan assets Contributions Munding in 2025 Fair value of plan asets (December 21 Settlement rate Projected benefit obligation (anuary 1 Service cost $24.700 402.500 7400 150.200. 799.300 10% 496.500 79.930

Current Attempt in Progress Pharoah Company provides the following selected information related to its defined benet pension plan for 2025 Pension anset/ahity Uanuary 1) Accumulated benet obligation December 31) Actual and expected return on plan assets Contributions Munding in 2025 Fair value of plan asets (December 21 Settlement rate Projected benefit obligation (anuary 1 Service cost $24.700 402.500 7400 150.200. 799.300 10% 496.500 79.930

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter19: Accounting For Post Retirement Benefits

Section: Chapter Questions

Problem 6E

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Given the following information for Tyler Companys pension plan at the beginning of the year, calculate the corridor, excess net loss (gain), and amortized net loss (gain). Assume an average remaining service life of 15 years.
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Pension data for Sterling Properties include the following: ($ in thousands)Service cost, 2021 $112Projected benefit obligation, January 1, 2021 850Plan assets (fair value), January 1, 2021 900Prior service cost—AOCI (2021 amortization, $8) 80Net loss—AOCI (2021 amortization, $1) 101Interest rate, 6%Expected return on plan assets, 10%Actual return on plan assets, 11% Required:Determine pension expense for 2021.
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The following information is related to the defined-benefit pension plan of a company for 2021. Amortization of OCI-gain $87,700 Amortization of OCI-prior service cost 151,000Contributions to the plan 235,000Interest on projected benefit obligation 363,000Service cost 550,890Expected return on plan assets 258,000Actual return on plan assets is the sameas expected return 258,000Benefits distributed 148,000 Pension expense for 2021 is $__________.
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