Respuesta :
Answer:
Item Projected Benefit Obligation Planned Asset
Opening Balance (697,700) 627,300
Service Costs (89,400)
Interest Costs (6,977)
Actual Returns 64,400
Contributions 104,800
Benefits Paid 40,800 (40,800)
Balance at 31 Dec 753,277 755,700
Explanation:
Ivanhoe Company provides the following information about its defined benefit pension plan for the year 2017.
Service cost $89,400
Contribution to the plan 104,800
Prior service cost amortization 9,700
Actual and expected return on plan assets 64,400
Benefits paid 40,800
Plan assets at January 1, 2017 627,300
Projected benefit obligation at January 1, 2017 697,700
Accumulated OCI (PSC) at January 1, 2017 149,700 Interest/discount (settleme
Item Pension Expense Cash PSC Gain/Loss Pension Asset/Liabiity
Service Costs 89,400
Interest Costs 6,977
Past Service Costs...............................149,700
Actual Returns (64,400)
Contributions..................... .(104,800)
................................................. ................. .......................................................
TOTAL 31,977 (104,800) 149,700..................... 222,223
Item Projected Benefit Obligation Planned Asset
Opening Balance (697,700) 627,300
Service Costs (89,400)
Interest Costs (6,977)
Actual Returns 64,400
Contributions 104,800
Benefits Paid 40,800 (40,800)
Balance at 31 Dec 753,277 755,700
