Question: The following data are for the pension plan for the employees of JMC Company 1/1/20 12/31/20 12/31/21 Accumulated benefit obligation $5.000.000 $5,200,000 $6,800,000 Projected benefit

The following data are for the pension plan for the employees of JMC Company 1/1/20 12/31/20 12/31/21 Accumulated benefit obligation $5.000.000 $5,200,000 $6,800,000 Projected benefit obligation 5.400.000 5,600,000 7,400,000 Plan assets (at fair value) 4,600,000 6.000.000 6,600,000 AOCL-net loss -0- 960 000 1.000.000 Settlement rate (for year) 1096 996 Expected rate of retum (for year) 86 796 JMC's contribution was $840,000 in 2021 and benefits paid were $750,000. JMC estimates that the average remaining service life is 15 years. The actual return on plan assets in 2021 was A $400.000 B. 5510,000 C. $310.000 D. $600,000 QUESTION 12 The following information relates to the pension plan for the employees of JMC Co. 1/1/20 123120 12/3121 Accum. benefit obligation $9,240,000 $9.660.000 $12,600.000 Projected benefit obligation 9.765.000 10.458.000 14.007.000 Fair value of plan assets 8.925,000 10.920,000 12,054,000 AOCI - net (gain or loss -0 (1.512.000) (1.680.000) Settlement rate (for year) 1196 1196 Expected rate of return (for year) 896 796 JMC estimates that the average remaining service life in 16 years. JMC's contribution was 51,323,000 in 2021 and benefits paid were 5987,000 The amount of AOCI (net gain) amortized in 2021 is A $26.775 B. $20,344 C. $17.457 D. 526.250 QUESTION 13 The following facts relate to the postretirement benefits plan of JMC, Inc. for 2021 Service cost $780,000 Discount rate 896 APBO, January 1, 2021 $4,000,000 EPBO, January 1, 2021 $4.800.000 Average remaining service to full eligibility 20 years Average remaining service to expected retirement The amount of postretirement expense for 2021 is A 51.100.000 B. 51.164,000 C. 51 300.000 D$1.200.000 25 years

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