Question: answer please Defined Benefit Plan Problem - Data for Fox Co. 2020 Worksheet: 3 pts Expected return on assets: 5% Contributions to plan: $ 80

 answer please Defined Benefit Plan Problem - Data for Fox Co.

answer please

2020 Worksheet: 3 pts Expected return on assets: 5% Contributions to plan:

Defined Benefit Plan Problem - Data for Fox Co. 2020 Worksheet: 3 pts Expected return on assets: 5% Contributions to plan: $ 80 000 tima burning, on Settlement/Discount rate: 4% Service cost: Actual return on assets: 10% Benefits paid to retirees: 60,000 50.000 Beginning 2020 Year Info (December 31, 2019 balances): Projected Benefit Obligation (PBO) Plan Assets $ 700,000 Accumulated net other comprehensive gain 600,000 100,000 (average service life is 30 years) Prior Service Cost (for 50 employees retiring below) 200,000 10 retire in 3 years, 25 retire in 4 years, 15 retire in 8 years Use years of service method, not straight-line, to amortize What is the amortization of the Prior Service Cost for 2020? O $40,000 O $30,000 O $50,000 O $25,000 Next " O $28,000 IS MacBook

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