Use the following information for questions 80 through 84.
The following information re...
Business, 14.03.2020 05:11, krobinson27
Use the following information for questions 80 through 84.
The following information relates to the pension plan for the employees of Turner Co.:
1/1/14 12/31/14 12/31/15
Accum. benefit obligation $6,160,000 $6,440,000 $8,400,000
Projected benefit obligation 6,510,000 6,972,000 9,338,000
Fair value of plan assets 5,950,000 7,280,000 8,036,000
AOCI – net (gain) or loss -0- (1,008,000) (1,120,000)
Settlement rate (for year) 11% 11%
Expected rate of return (for year) 8% 7%
Turner estimates that the average remaining service life is 16 years. Turner's contribution was $882,000 in 2015 and benefits paid were $658,000.
83. The corridor for 2015 is B
a. $722,400.
b. $728,000.
c. $791,000.
d. $933,800.
84. The amount of AOCI (net gain) amortized in 2015 is B
a. $17,850.
b. $17,500.
c. $13,563.
d. $11,638.
Answers: 3
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