Solution-What amount of pension expense should bostonian

What amount of pension expense should bostonian report

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Reference no: EM132648127

Bostonian Company provided the following Information related to its defined benefit pension plan for 2017:

P80 on 1/1	$2,500,000
Fair value of plan assets on 1/1	2,000,000
Service cost	120,000
Actual return on plan assets	320,000
Payments made to retirees on 12/31	100,000
Amortization of prior service cost	40,000
Recognized actuarial losses	50,000
Contributions made to plan at 12/31	80,000
interest rate for discounting pension obligations	6%
Expected return on plan assets	8%

Required:

Question 1. What amount of pension expense should Bostonian report for 2017?

Question 2. What is the fair value of plan assets at December 31, 2017?

Question 3. What dollar amount of return on plan assets was deferred in 2017?

Reference no: EM132648127

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What amount of pension expense should bostonian report

Reference no: EM132648127

Reference no: EM132648127

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