Pension data for Sterling Properties include the following: Service cost, 2011 ............... $112 Projected benefit obligation, January

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Pension data for Sterling Properties include the following:

Service cost, 2011 ............... $112

Projected benefit obligation, January 1, 2011 .... 850

Plan assets (fair value), January 1, 2011 ...... 900

Prior service cost–AOCI (2011 amortization, $8) .. 80

Net loss–AOCI (2011 amortization, $1) ...... 101

Discount rate ................ 6%

Expected return on plan assets ......... 10%

Actual return on plan assets ........... 11%

Required:

Determine pension expense for 2011.

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Intermediate Accounting

ISBN: 9781259722660

9th Edition

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

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Question Posted: Jan 08, 2013 06:19 AM

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Pension data for Sterling Properties include the following: Service cost, 2011 ............... $112 Projected benefit obligation, January

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Computation of the Expenses For 2011 Service cost 201...View the full answer

Intermediate Accounting

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