Pension data for Sterling Properties include the following: Required: Determine pension expense for2011. (S in 000s) 112
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Pension data for Sterling Properties include the following:
Required:
Determine pension expense for2011.
Transcribed Image Text:
(S in 000s) 112 850 900 Service cost, 2011 Projected benefit obligation, January 1, 2011 Plan assets (fair value), January 1, 2011 Prior service cost-AOCI (2011 amortization, $8)80 Net loss-AOCI (2011 amortization, $1) Discount rate: 6% Expected return on plan assets, 10% Actual return on plan assets, 11% 101
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in 000s Service cost 112 Interest cost 6 x 850 51 Expected return on the plan ass...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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