ezto.mheducation.com E connect Intermediate Accounting 303: ACC 01 Spring 2018 A

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ezto.mheducation.com E connect Intermediate Accounting 303: ACC 01 Spring 2018 ACCOUNTING Chapter 17 HW Question 20 (of 23) 20. 0 5.00 points The projected benefit obligation was $180 million at the beginning of the year. Service cost for the year was $22 million. At the end of the year, pension benefits paid by the trustee were $12 million and there were no g amortization. The actuary's discount rate was 5%. The actual return on plan assets was $11 million although it was expected to be only S10 million. What was the pension expense for the year? 20 million Check my work esc 20 au f F2 FS F6 F7

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Answer

Particulars Amount Service cost $22 Interest cost ($180*5%) $9 Expected return on the paln assets ($11-gain $1) ($10) Amortization of prior service cost 0 Amortization of net loss (gain) 0 Pension expenses $21

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