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Business, 17.12.2021 01:00 anonwarrior
The following information relates to the pension plan for the employees of Turner Co.: 1/1/10 12/31/10 12/31/11 Projected benefit obligation 5,580,000 5,976,000 8,004,000 Fair value of plan assets 5,100,000 6,240,000 6,888,000 Accumulated net gain or (loss) -0- 864,000 960,000 Settlement rate (for year) 11% 11% Expected rate of return (for year) 8% 7% Turner estimates that the average remaining service life is 16 years. Turner's contribution was $756,000 in 2011 and benefits paid were $564,000. 17. The interest cost for 2011 is: 18. The actual return on plan assets in 2011 is:
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The following information relates to the pension plan for the employees of Turner Co.: 1/1/10 12/31/...
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