Solution-Projected benefit obligation

Projected benefit obligation

Assignment Help Accounting Basics

Reference no: EM131002744

Stanley-Morgan Industries adopted a defined benefit pension plan on April 12, 2011. The provisions of the plan were not made retroactive to prior years. A local bank, engaged as trustee for the plan assets, expects plan assets to earn a 10% rate of return. A consulting firm, engaged as actuary, recommends 6% as the appropriate discount rate. The service cost is $150,000 for 2011 and $200,000 for 2012. Year-end funding is $160,000 for 2011 and $170,000 for 2012. No assumptions or estimates were revised during 2011.

Required:

Calculate each of the following amounts as of both December 31, 2011, and December 31, 2012:

1. Projected benefit obligation
2. Plan assets
3. Pension expense
4. Net pension asset or net pension liability

Reference no: EM131002744

Questions Cloud

Calculate the effect of the change in the assumed discount : Calculate the effect of the change in the assumed discount rate on the PBO at the beginning of 2012 with respect to Davenport.

True difference between the unemployment status : In connection with (ii) above, if it is desired to determine any true difference between the unemployment status of this University's alumni to within ±0.5% with 95% con?dence, how many alumni would have to be sampled? State any assumptions clearl..

Design new software to keep track of people : Your local police department wants to design new software to keep track of people, property, and criminal activity. List at least three classes you think should be in the design. For each class, identify some data members and methods.

What is the probability that he makes both attempts : A basketball player makes 60% of the free throws that he attempts, except that if he has just tried and missed a free throw then his chances of making a second one go down to only 30%. What is the probability that he makes both attempts

Projected benefit obligation : Calculate each of the following amounts as of both December 31, 2011, and December 31, 2012:

Your favorite action hero or heroine : Write a person essay about your favorite action hero or heroine. Drawn from comics, television shows or computer games, why does this figure appeal to you?

Assume the net pension expense for 2011 : Assume the net pension expense for 2011, not including the amortization of the net gain component, is $325,000. What is pension expense for the year?

How many milligrams of se were contained : After this reaction is complete, nitric acid was added to dissolve the Ag2SO3 but not the Ag2Se. The Ag+ from the dissolved Ag2SO3 and the excess reagent required 16.71 mL of 0.01370 M KSCN in a Volhard titration. How many milligrams of Se were conta..

To ensure the correct level of components are selected : From your understanding of this week's readings and video, what are the top three internal computer system components that need to be considered with selecting a personal computer? Why?

User Account

All Pages

Projected benefit obligation

Reference no: EM131002744

Reference no: EM131002744

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT