Question: Pension data for Manu Services Inc. include the following: Discount rate Expected return on plan assets Actual return on plan assets 7% 8% 9% Service

Pension data for Manu Services Inc. include the following: Discount rate

Pension data for Manu Services Inc. include the following: Discount rate Expected return on plan assets Actual return on plan assets 7% 8% 9% Service cost, 2020 Accumulated benefit obligation 1/1/20 Projected benefit obligation 1/1/20 Plan assets (fair value) 1/1/20 Prior service cost-AOCI 1/1/20 Net gain-AOCI 1/1/20 2020 Cash contributions to pension fund 2020 Benefit payments to retirees 211,910 1,778,860 2,453,480 2,508,920 291,800 308,084 255,777 264,011 On average, employees' remaining service life with the company is 10 years When recording the pension expense for 2020 for Manu, Pension Expense will be debited for $ (Do not use the corridor rule) Selected Answer: 222,857 Correct Answer: 181,312 +2

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