Mega Corporation sponsors a defined-benefit plan for its employees. Compute the pension cost for the year, given the following information:
Service cost $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ $30,000
Interest on beginning PBO $\quad $ $\quad $ $\quad $ $\quad $$16,000
Expected return on plan assets $\quad $ $\quad $ $\quad $$45,000
Amortization of prior service costs $\quad $ $\quad $ $5,000
Amortization of net actuarial gain $\quad $ $\quad $ $12,000

Question

Mega Corporation sponsors a defined-benefit plan for its employees. Compute the pension cost for the year, given the following information:
Service cost $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ $30,000
Interest on beginning PBO  $\quad $ $\quad $ $\quad $ $\quad $$16,000
Expected return on plan assets  $\quad $ $\quad $ $\quad $$45,000
Amortization of prior service costs $\quad $ $\quad $ $5,000
Amortization of net actuarial gain  $\quad $ $\quad $ $12,000

Quizplus · Accepted Answer

The Answer of Mega Corporation sponsors a defined-benefit plan for its employees. Compute the pension cost for the year, given the following information:
Service cost $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ $\quad $ $30,000
Interest on beginning PBO  $\quad $ $\quad $ $\quad $ $\quad $$16,000
Expected return on plan assets  $\quad $ $\quad $ $\quad $$45,000
Amortization of prior service costs $\quad $ $\quad $ $5,000
Amortization of net actuarial gain  $\quad $ $\quad $ $12,000

Mega Corporation Sponsors a Defined-Benefit Plan for Its Employees \quad

Mega Corporation Sponsors a Defined-Benefit Plan for Its Employees $\quad$