(b) What is the actual return on the pension and other postretirement benefits plan investments in 2018?Use...
Question:
(b) What is the actual return on the pension and other postretirement benefits plan investments in 2018?Use a negative sign to indicate the actual return was a loss, if applicable.
Answer: ______ million
(e) How much cash did Norfolk Southern contribute to its pension and other postretirement benefits plans in 2018?
Pension = $_____ million
Postretirement benefits = $_____ million
(f) How much cash did retirees receive in 2018 from the pension plan and other postretirement benefits plans?
Pension = $_____ million
Postretirement benefits = $_____ million
How much cash did Norfolk Southern pay these retirees in 2018?
$______ million
(g) Show the computation of the funded status for the pension and other postretirement benefits plans in 2018.
Do not use negative signs with your answers.
Pension : $2,371 million - $_____ million = $_____million Answer: underfunded/overfunded
Postretirement benefits: $466 million - $_____ million = $_____ million. Answer: underfunded/overfunded
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen