Presented below is information related to Marley Inc. pension data for 2019. Service cost $700,000 Amortization of
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Presented below is information related to Marley Inc. pension data for 2019.
Service cost $700,000
Amortization of unrecognized net gain 80,000
Amortization of unrecognized prior service cost 130,000
Actual return on plan assets 65,000
Projected benefit obligation at January 1,2019 900,000
Plan assets at January 1,2019 780,000
Contribution (funding) 400,000
On 1/1/2019, PSC was granted having a present value of 100,000
Benefits paid to retirees 200,000
Settlement rate 9%
Expected rate of return 7%
What amount would be reported as pension expense for 2019 ?
what is the pension asset/liability?
Related Book For
Intermediate Accounting principles and analysis
ISBN: 978-0471737933
2nd Edition
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
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