Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 01 Nov 2017 My Price 7.00

Haan Company:

Preparing a Pension Work Sheet

The following data relate to the defined benefit pension plan of Haan Company:

Balances at January 1, 2008:

 

PBO                                                                      

$3,500

Unrecognized prior service cost                                                  

$ 150

Fair value of pension assets                                                     

$3,000

ABO                                                                     

$2,800

Expected return on plan assets                                                    

7%

Settlement discount rate                                                       

10%

Activity for 2008:

 

Service cost                                                                

$ 400

Benefit payments to retirees                                                    

170

Contributions to pension fund                                                   

230

Actual return on plan assets                                                      

130

Prior service cost amortization                                                  

40

Instructions: Prepare a pension work sheet for Haan Company for 2008.

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Maurice Tutor
(5)
Status NEW Posted 01 Nov 2017 07:11 PM My Price 7.00

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