Solution-Complete the pension work sheet

Complete the pension work sheet

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Reference no: EM13976706

The accountant for Marlin Corporation has developed the following information for the company's defined-benefit pension plan for 2015:

Service cost	$485,000
Actual return on plan assets	906,000
Annual contribution to the plan	904,000
Amortization of prior service cost	123,800
Benefits paid to retirees	51,000
Settlement rate	10%
Expected rate of return on plan assets	8%

The accumulated benefit obligation at December 31, 2015, amounted to $3,250,000. Accumulated OCI (PSC) at December 31, 2014 is $619,000. Projected benefit obligation and plan assets at December 31, 2014 are 3,940,000 and 2,700,000 respectively,

a. Using the above information for Marlin Corporation, complete the pension work sheet for 2015.

Reference no: EM13976706

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Complete the pension work sheet

Reference no: EM13976706

Reference no: EM13976706

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