Projected benefit obligation 700,000 Other Items Pension asset / liability, January 1, 2015 20,000 Contributions 250,000 Accumulated other comprehensive loss 335,800 There were no actuarial gains or losses at January 1, 2015. The average remaining service life of employees is 12 years. 1. What is the pension expense that Cooper Enterprises should report for 2015? a. $304,200 b. $314,200 c. $250,000
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The following information for Cooper Enterprises is given below:
December 31, 2015
Assets and obligations
Plan assets (at fair value) $400,000
Accumulated benefit obligation 640,000
Projected benefit obligation 700,000
Other Items
Pension asset / liability, January 1, 2015 20,000
Contributions 250,000
Accumulated other comprehensive loss 335,800
There were no actuarial gains or losses at January 1, 2015. The average remaining service life of employees is 12 years.
1. What is the pension expense that Cooper Enterprises should report for 2015?
a. $304,200
b. $314,200
c. $250,000
d. $335,800
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