The following information pertains to Havana Corporation's defined benefit pension plan: ($ In 000s) 2016 2017...

 

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The following information pertains to Havana Corporation's defined benefit pension plan: ($ In 000s) 2016 2017 Beginning balances Beginning balances ($6,504) ($6,000) 5,760 Projected bernefit obligation Plan assets 6.336 Prior service cost-AOCI Net loss-AOCI 600 552 720 786 At the end of 2016. Havana contributed $696 thousand to the pension fund and benefit payments of $624 thousand were made to retirees. The expected rate of return on plan assets was 10%, and the actuary's discount rate is 8%. There were no changes in actuarial estimates and assumptions regarding the PBO. What is Havana's 2016 actual return on plan assets? O $504 thousand. O $618 thousand. O $1,128 thousand. O None of these answer choices is correct. The following information pertains to Havana Corporation's defined benefit pension plan: ($ In 000s) 2016 2017 Beginning balances Beginning balances ($6,504) ($6,000) 5,760 Projected bernefit obligation Plan assets 6.336 Prior service cost-AOCI Net loss-AOCI 600 552 720 786 At the end of 2016. Havana contributed $696 thousand to the pension fund and benefit payments of $624 thousand were made to retirees. The expected rate of return on plan assets was 10%, and the actuary's discount rate is 8%. There were no changes in actuarial estimates and assumptions regarding the PBO. What is Havana's 2016 actual return on plan assets? O $504 thousand. O $618 thousand. O $1,128 thousand. O None of these answer choices is correct.

Answer rating: 100% (QA)

SOLUTION Havanas 2018 actual return on plan asset is 504 t... View the full answer