Tyson Inc sponsors a defined-benefit pension plan. The following data relates to the operation of the plan for the year 2021. Service cost $345.000 Plan contributions 330,000 Actual return on plan assets 270.000 Projected benefit obligation January 1 Fair value of plan assets, January 1 3,600,000 2,400,000 The expected return on plan assets and the settlement rate were both 10%. The amount of pension expense reported for 2021 is: OA $705.000 OR$465,000 Oc$435,000 OD$345.000
Tyson Inc sponsors a defined-benefit pension plan. The following data relates to the operation of the plan for the year 2021. Service cost $345.000 Plan contributions 330,000 Actual return on plan assets 270.000 Projected benefit obligation January 1 Fair value of plan assets, January 1 3,600,000 2,400,000 The expected return on plan assets and the settlement rate were both 10%. The amount of pension expense reported for 2021 is: OA $705.000 OR$465,000 Oc$435,000 OD$345.000
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter19: Accounting For Post Retirement Benefits
Section: Chapter Questions
Problem 6RE
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![Question 19
Tyson, Inc sponsors a defined-benefit pension plan. The following data relates to the operation of the plan for the year 2021.
Service cost
$345.000
330,000
270.000
Plan contributions
Actual return on plan assets
Projected benefit obligation January 1
Fair value of plan assets, January 1
3,600,000
2,400,000
The expected return on plan assets and the settlement rate were both 10%. The amount of pension expense reported for 2021 is:
OA$705,000
OR$465,000
Oc$435.000
OD$345.000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F769282b7-875c-47fc-8775-139c9b8de1ae%2F66091a87-f119-4c78-9a54-1c76b5e8821c%2Fwozagq9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 19
Tyson, Inc sponsors a defined-benefit pension plan. The following data relates to the operation of the plan for the year 2021.
Service cost
$345.000
330,000
270.000
Plan contributions
Actual return on plan assets
Projected benefit obligation January 1
Fair value of plan assets, January 1
3,600,000
2,400,000
The expected return on plan assets and the settlement rate were both 10%. The amount of pension expense reported for 2021 is:
OA$705,000
OR$465,000
Oc$435.000
OD$345.000
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