Question

An entity provided the following pension plan information: Projected benefit obligation - January 1, 2016 3,500,000 Fair value of plan assets - January 1, 2016 2,800,000 Pension benefits paid during the year 250,000 Current service cost for 2016 1,750,000 Past service cost for 2016 (vesting period 5 years) 425,000 Actual return on plan assets 180,000 Contribution to the plan 1,500,000 Actuarial loss due to change in assumptions on projected benefit obligation 200,000 Discount or settlement rate 10% What is the projected benefit obligation on December 31, 2016? ? 5,775,000 ? 5,550,000 ? 5,075,000 ? 5,975,000

          An entity provided the following pension plan information:
Projected benefit obligation - January 1, 2016
3,500,000
Fair value of plan assets - January 1, 2016
2,800,000
Pension benefits paid during the year
250,000
Current service cost for 2016
1,750,000
Past service cost for 2016 (vesting period 5 years)
425,000
Actual return on plan assets
180,000
Contribution to the plan
1,500,000
Actuarial loss due to change in assumptions on projected benefit obligation 200,000
Discount or settlement rate
10%
What is the projected benefit obligation on December 31, 2016?
? 5,775,000
? 5,550,000
? 5,075,000
? 5,975,000

An entity provided the following pension plan information:
Projected benefit obligation - January 1, 2016
3,500,000
Fair value of plan assets - January 1, 2016
2,800,000
Pension benefits paid during the year
250,000
Current service cost for 2016
1,750,000
Past service cost for 2016 (vesting period 5 years)
425,000
Actual return on plan assets
180,000
Contribution to the plan
1,500,000
Actuarial loss due to change in assumptions on projected benefit obligation 200,000
Discount or settlement rate
10%
What is the projected benefit obligation on December 31, 2016?
? 5,775,000
? 5,550,000
? 5,075,000
? 5,975,000

Added by Leonard S.

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