Longlee Electrical Company maintains a fund to cover its pension plan. The following data relate to the

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Longlee Electrical Company maintains a fund to cover its pension plan. The following data relate to the fund for 2011:

Compute the 2011 actual return on the pension fund for LongleeElectrical.

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Question Posted: Jan 28, 2012 05:31 AM

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Longlee Electrical Company maintains a fund to cover its pension plan. The following data relate to the

Question:

FVPF Market-related value of the pension fund January I $875.000 (5-year weighted average) Contributions made to the fund Market-related value of the pension fund 715,000 62.000 70,000 980,000 During year Pnson benefits paid December 3 FVPF (5-year weighted average) 730,000

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Fair value of the pension fund x December 31 2011 980000 Fair ...View the full answer

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