Refer to the information for Cotter Corp. in BE193, and provide a continuity schedule for the plan
Question:
In BE Cotter Corp. reports the following information (in hundreds of thousands of dollars) to you about its defined benefit pension plan for 2011:
Actual return on plan assets ............11
Current service cost ................21
Benefits paid to retirees ............. 8
Interest cost ................... 9
Contributions from employer ...........20
Opening balance, accrued benefit obligation (ABO) ..92
Cost of plan amendment in year ..........13
Opening balance, fund assets ........... 100
Provide a continuity schedule for the ABO for the year.
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Related Book For
Intermediate Accounting
ISBN: 978-0470161012
9th Canadian Edition, Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
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