On January 1, 2010, Cyber Company established a noncontributory defined benefit plan covering all employees and...

 

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On January 1, 2010, Cyber Company established a noncontributory defined benefit plan covering all employees and contributed $200,000 to the plan. At December 31, 2010, Cyber detemined that the 2010 service and interest costs on the plan were $64,000. The expected and the actual rate of return on plan assets for 2010 was 10% There are no other components of Cyber's pension expense. What amount should Cyber report in its December 31, 2010 income statement the net periodic pension cost? $200,000 $84, 000 $64, 000 $44, 000 On January 1, 2010, Cyber Company established a noncontributory defined benefit plan covering all employees and contributed $200,000 to the plan. At December 31, 2010, Cyber detemined that the 2010 service and interest costs on the plan were $64,000. The expected and the actual rate of return on plan assets for 2010 was 10% There are no other components of Cyber's pension expense. What amount should Cyber report in its December 31, 2010 income statement the net periodic pension cost? $200,000 $84, 000 $64, 000 $44, 000

Answer rating: 100% (QA)

Answer Option C is correct 64000 A noncontributory pension plan typically does not include the oppor... View the full answer