Stanley-Morgan Industries - 41676

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  • Posted on: Tue 28 Jan, 2014
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Stanley-Morgan Industries adopted a defined benefit pension plan on April 12, 2011. The provisions of the plan were not made retroactive to prior years. A local bank, engaged as trustee for the plan assets, expects plan assets to earn a 10% rate of return. A consulting firm, engaged as actuary, recommends 6% as the appropriate discount rate. The service cost is 150,000 for 2011 and 200,000 for 2012. Year-end funding is 160,000 for 2011 and 170,000 for 2012. No assumptions or estimates were revised during 2011.


Calculate each of the following amounts as of both December 31, 2011, and December 31, 2012.

Projected benefit obligation

Plan assets

Pension expense

Netpension asset or net pension liability

Solution Description

Best answer, Best SOlution

Projected xxxxxxx obligation 2011 xxxx
xxxxxxxxx Balance 0 xxxxxx
Service xxxx
P17-6 stanley morgan.xlsx
P17-6 stanley m...