USE THE FOLLOWING INFORMATION FOR # 11 - 20: Interest (Cost) Rate Expected rate of return...

Transcribed Image Text:

USE THE FOLLOWING INFORMATION FOR # 11 - 20: Interest (Cost) Rate Expected rate of return on plan assets Actual rate of return on plan assets Beginning of year balance in CASH Projected benefit obligation at the beginning of 2019 Service cost, 2019 Loss (gain) on PBO for assumption changes Less: Benefits paid to retirees during the year $ 11.) Calculate the 2019 Interest cost. $ 2,520,474 $ 243,474 $ 24,006 $ (342,924) 3.0% 4.0% 5.0% 612,360 Plan assets at the beginning of the year Cash contributions to the pension plan in 2019 Less: Benefits paid to retirees during the year Additional information reported from the actuary and plan trustee: Prior Service Costs incurred beginning of 2018 Beginning of year balance in AOCI for Net Loss Average remaining service years of employees Beginning of year balance in AOCI for PSC $ 2,023,236 $ 301,776 $ (342,924) $ $ $ 222,900 300,060 7 years 195,054 USE THE FOLLOWING INFORMATION FOR # 11 - 20: Interest (Cost) Rate Expected rate of return on plan assets Actual rate of return on plan assets Beginning of year balance in CASH Projected benefit obligation at the beginning of 2019 Service cost, 2019 Loss (gain) on PBO for assumption changes Less: Benefits paid to retirees during the year $ 11.) Calculate the 2019 Interest cost. $ 2,520,474 $ 243,474 $ 24,006 $ (342,924) 3.0% 4.0% 5.0% 612,360 Plan assets at the beginning of the year Cash contributions to the pension plan in 2019 Less: Benefits paid to retirees during the year Additional information reported from the actuary and plan trustee: Prior Service Costs incurred beginning of 2018 Beginning of year balance in AOCI for Net Loss Average remaining service years of employees Beginning of year balance in AOCI for PSC $ 2,023,236 $ 301,776 $ (342,924) $ $ $ 222,900 300,060 7 years 195,054

Answer rating: 100% (QA)

Based on the provided information here is the completed pension worksheet apache Copy RECORDED IN TH... View the full answer