The following information relates to theAcirc;nbsp;defined benefit pension planAcirc;nbsp;of the McDonald Company for the year ending December…
The following information relates to the defined benefit pension plan of the McDonald Company for the year ending December 31, 2011:Projected benefit obligation, January 1 ………….. $4,600,000Projected benefit obligation, December 31 ………… 4,729,000Fair value of plan assets, January 1 …………….. 5,035,000Fair value of plan assets, December 31 …………… 5,565,000Expected return on plan assets ………………….. 450,000Amortization of deferred gain …………………… 32,500Employer contributions …………………………. 425,000Benefits paid to retirees ………………………. 390,000Settlement rate […]
