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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Use the following information for questions 80 through 84.

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