Kessler inc received the following information from its

Reference no: EM13606857

Kessler, Inc. received the following information from its pension plan trustee concerning the operation of the company's defined-benefit pension plan for the year ended December 31, 2013:
January 1, 2013 December 31, 2013
Projected benefit obligation $2,500,000 $2,850,000
Fair value of plan assets 1,250,000 1,600,000
Accumulated benefit obligation 1,930,000 2,620,000
Accumulated OCI - (PSC) 540,000 300,000

The service cost component for 2013 is $120,000 and the amortization of prior service cost is $240,000. The company's actual funding of the plan in 2013 amounted to $490,000. The expected return on plan assets and the settlement rate were both 8%.

Reference no: EM13606857

Questions Cloud

A an energetic photon of wavelength 51 nm scatters off an : a an energetic photon of wavelength 5.1 nm scatters off an electron at rest at an angle of 63 degrees. what is the

Shelby company produces three products product x product y : shelby company produces three products product x product y and product z. data concerning the three products follow per

The claim is the proportion of peas with yellow pods is : the claim is the proportion of peas with yellow pods is equal to 0.25 or 25. the sample statistics from one experiment

A metal wire 13mm in diameter and 21m long hangs : a metal wire 1.3mm in diameter and 2.1m long hangs vertically with a 6.1-kg object suspended from it. if the wire

Kessler inc received the following information from its : kessler inc. received the following information from its pension plan trustee concerning the operation of the companys

There are two methods for writing off uncollectible : there are two methods for writing off uncollectible accounts which include the direct write-off method and allowance

Suppose the covariance between y and x is 003 and that the : suppose the covariance between y and x is 0.03 and that the variance of y is 0.04 and the variance of x is 0.12. the

Information from the american institute of insurance : information from the american institute of insurance indicates the mean amount of life insurance per household in the

Hart company purchased a depreciable asset for 450000 the : hart company purchased a depreciable asset for 450000. the estimated salvage value is 30000 and the estimated useful

User Account

All Pages