Von 30 Defined Benefit Plan Problem - Data for Toxca.2020 V Expected return on assets:...
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Von 30 Defined Benefit Plan Problem - Data for Toxca.2020 V Expected return on assets: 5% Cortions to plans Settlement/Discount rate: 4% Service cont Actual return on assets: 10% Benefits paid to renees Beginning 2020 Year Info (December 31, 2019 balances Projected Benefit Obligation (PBO) $70005 Plan Assets Accumulated net other comprehensive gain 100000 (average service life is 30 years) 200.000 Prior Service Cost (for 50 employees retiring below) 10 retire in 3 years, 25 retire in 4 years, 15 retire in Byears Use years of service method, not straight-inve, to amortize What is Fox's Pension Asset or Liability amount on their 12/31/20 Balance Sheet $38,000 Liability $62,000 Liability $62,000 Asset $38,000 Asset $52,000 Liability Previous
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