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Compute the postretirement benefit expense

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Question: (Postretirement Benefit Expense Computation) Kreter Co. provides the following information about its postretirement benefit plan for the year 2014.

Service cost                                                           $ 45,000

Contribution to the plan                                               10,000

Actual and expected return on plans assets                     11,000

Benefits paid                                                              20,000

Plan assets at January 1, 2014                                     110,000

Accumulated post retirement benefit obligation
at January 1, 2014                                                     330,000

Discount rate                                                                   8%

Instructions: Compute the postretirement benefit expense for 2014.

Reference no: EM131593322

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