Question: 5. E 17-7 Changes in plan assets; determine cash contributions Pension data for Fahy Transportation Inc., include the following: Discount rate, Expected return on

5. E 17-7 Changes in plan assets; determine cash contributions Pension data

5. E 17-7 Changes in plan assets; determine cash contributions Pension data for Fahy Transportation Inc., include the following: Discount rate, Expected return on plan assets, Actual return on plan assets, Projected benefit obligation, January 1 Plan assets (fair value), January 1 Plan assets (fair value), December 31 Benefit payments to retirees, December 31 Required: ($ in millions) 7% 11% 10% $730 (1600 650 66 Assuming cash contributions were made at the end of the year, what was the amount of those contributions? A) $36 million B) $56 million C) $66 million D) $46 million 6. E 17-8 Components of pension expense Pension data for Sterling Properties include the following: Service cost, 2021 Projected benefit obligation, January 1, 2021 Plan assets (fair value), January 1, 2021 Prior service cost-AOCI (2021 amortization, $8) Net loss-AOCI (2021 amortization, $1) Interest rate, Expected return on plan assets, ($ in thousands) $122 650 900 80 101 Edmo 8% 11% andmeco 10% 181 Actual return on plan assets, Required: Determine pension expense for 2021. Ladoo bob mar A) $82 B) $84 C) $83 D) $93 14

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