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    Bostonian Company provided information about its defined benefit pension plan for 2017, including a beginning pension benefit obligation (PBO) of $2,500,000, beginning plan assets of $2,000,000, service cost of $120,000, actual asset return of $320,000, payments to retirees of $100,000, amortized prior service cost of $40,000, recognized actuarial losses of $50,000, and contributions of $80,000. The company reported a pension expense of $190,000 for 2017, with ending plan assets of $2,320,000 and deferred return on assets of $40,000.

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    Bostonian Company provided information about its defined benefit pension plan for 2017, including a beginning pension benefit obligation (PBO) of $2,500,000, beginning plan assets of $2,000,000, service cost of $120,000, actual asset return of $320,000, payments to retirees of $100,000, amortized prior service cost of $40,000, recognized actuarial losses of $50,000, and contributions of $80,000. The company reported a pension expense of $190,000 for 2017, with ending plan assets of $2,320,000 and deferred return on assets of $40,000.

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    8 views1 page

    Solutiondone 140

    Uploaded by

    trilocksp Singh
    Bostonian Company provided information about its defined benefit pension plan for 2017, including a beginning pension benefit obligation (PBO) of $2,500,000, beginning plan assets of $2,000,000, service cost of $120,000, actual asset return of $320,000, payments to retirees of $100,000, amortized prior service cost of $40,000, recognized actuarial losses of $50,000, and contributions of $80,000. The company reported a pension expense of $190,000 for 2017, with ending plan assets of $2,320,000 and deferred return on assets of $40,000.

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    © All Rights Reserved
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    Bostonian Company provided the following information

    related to its defined


    Bostonian Company provided the following information related to its defined

    Bostonian Company provided the following information related to its defined benefit pension
    plan for 2017:
    PBO on 1/1.......................................................$2,500,000
    Fair value of plan assets on 1/1.................................2,000,000
    Service cost..........................................................120,000
    Actual return on plan assets.......................................320,000
    Payments made to retirees on 12/31..............................100,000
    Amortization of prior service cost.................................40,000
    Recognized actuarial losses.........................................50,000
    Contributions made to plan at 12/31..............................80,000
    Interest rate for discounting pension obligations.....................6%
    Expected return on plan assets.........................................8%
    Required:
    1. What amount of pension expense should Bostonian report for 2017?
    2. What is the fair value of plan assets at December 31, 2017?
    3. What dollar amount of return on plan assets was deferred in 2017?

    Bostonian Company provided the following information related to its defined


    SOLUTION-- http://solutiondone.online/downloads/bostonian-company-provided-the-following-
    information-related-to-its-defined/

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