Business, 29.02.2020 04:50 memorybuxton
The following information relates to the pension plan for the employees of Cullumber Co.: 1/1/17 12/31/17 12/31/18 Accum. benefit obligation $ 10440000 $ 10860000 $ 13800000 Projected benefit obligation 10965000 11658000 15207000 Fair value of plan assets 10125000 12120000 13254000 AOCI – net (gain) or loss -0- (1632000 ) (1800000 ) Settlement rate (for year) 10% 10% Expected rate of return (for year) 7% 6% Cullumber estimates that the average remaining service life is 16 years. Cullumber's contribution was $1443000 in 2018 and benefits paid were $1107000. The actual return on plan assets in 2018 is a. $336000. b. $798000. c. $1134000. d. $2241000.
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The following information relates to the pension plan for the employees of Cullumber Co.: 1/1/17 12/...
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