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How much is the return on plan assets during the year

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Reference no: EM132861461

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Q1. The actuarial va tion report of an entity shows the following information:

Present value of defined benefit obligation, Jan. 1 280,000

Discount rate 14%

Benefits paid to retirees 90,000

Actuarial gain 60,000

Present value of defined benefit obligation, Dec. 31 210,000

How much is the current service cost?

A. 40,800

B. 44,800

C. 48,200

D. 79,200

Q2. Information on an entity's plan assets is shown below:

Fair value of plan assets, Jan. 1 120,000

Return on plan assets 40,000

Contributions to the retirement fund during the year 280,000

Benefits paid to retirees 160,000

Actuarial loss 60,000

How much is the fair value of the plan assets as of year-end?

A. 220,000

B. 240,000

C. 280,000

D. 340,000

Q3. Information on an entity's plan assets is shown below:

Fair value of plan assets, Jan. 1 341,000

Contributions to the retirement fund during the year 32,000

Benefits paid to retirees 89,000

Actuarial loss 50,000

Fair value of plan assets, Dec. 31 335,000

How much is the return on plan assets during the year?

A. 51,000

B. 81,000

C. 101,000

D. 1,000

Reference no: EM132861461

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