1. The PBO at the beginning of the year was 849, and the NAV of plan assets = 740... OCI's retained profit/loss account showed a whopping credit balance (indicating retained earnings) of 314. The service period average remaining number of active employees expected to receive benefits under the plan is 8 years. 

How much of the profit must be amortized this year?

2. Assets of the Pension Plan at the beginning of the year = 3,000 Contributions made to the pension plan during the year = 661 The expected return on plan assets was = 262 Benefits paid by the pension plan = 1,216 during the year. The net asset value of the Pension Plan assets at the end of the year =4000 

What was the actual return on the plan assets during the year?

3. The Mass Corporation accountant is looking at a pension spreadsheet and needs your help. The bottom row of the spreadsheet shows six numbers: PBO (538).There is one number for plan assets, but the meter can't read it because the printer erased the number.

Past service costs AOCI= 58.Net loss AOCI =70,  Pension expense is 40.Net Pension (Liability)/Assets = (115)

What is the amount of Plan Assets?

Answer rating: 100% (QA)

To calculate the amount of profit to be amortized this year we need to determine the amount of the n... View the full answer