Present value of benefit obligation, January 1 - 6,900,000 Present value of benefit obligation, December...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Present value of benefit obligation, January 1 - 6,900,000
Present value of benefit obligation, December 31 - 7,793,500
Fair value of plan assets, January 1 - 7,552,500
Fair value of plan assets, December 31 - 8,347,500
Employer contribution 637,500
Benefits paid to retirees 585,000
Settlement rate 10%
Ceiling January 1 is 300,000
How much would be the net pension cost takes to profit and loss for the year
show formula
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.