Question 19Tyson, Inc sponsors a defined-benefit pension plan. The following data relates to the operation of the plan for the year 2021.Service cost$345.000330,000270.000Plan contributionsActual return on plan assetsProjected benefit obligation January 1Fair value of plan assets, January 13,600,0002,400,000The expected return on plan assets and the settlement rate were both 10%. The amount of pension expense reported for 2021 is:OA$705,000OR$465,000Oc$435.000OD$345.000

It has been provided: Service cost = $ 345,000 Contributions to the plan = $330,000 Actual return on…

Tyson Inc sponsors a defined-benefit pension plan. The following data relates to the operation of the plan for the year 2021. Service cost $345.000 Plan contributions 330,000 Actual return on plan assets 270.000 Projected benefit obligation January 1 Fair value of plan assets, January 1 3,600,000 2,400,000 The expected return on plan assets and the settlement rate were both 10%. The amount of pension expense reported for 2021 is: OA $705.000 OR$465,000 Oc$435,000 OD$345.000

Tyson Inc sponsors a defined-benefit pension plan. The following data relates to the operation of the plan for the year 2021. Service cost $345.000 Plan contributions 330,000 Actual return on plan assets 270.000 Projected benefit obligation January 1 Fair value of plan assets, January 1 3,600,000 2,400,000 The expected return on plan assets and the settlement rate were both 10%. The amount of pension expense reported for 2021 is: OA $705.000 OR$465,000 Oc$435,000 OD$345.000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter19: Accounting For Post Retirement Benefits

Section: Chapter Questions

Problem 6RE

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