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The Following Information Relates to the Old Fogey's Superannuation Plan

Question 55

Multiple Choice

The following information relates to the Old Fogey's Superannuation Plan, which is a defined benefit scheme. Amounts given for all assets are at net market value.
The following information relates to the Old Fogey's Superannuation Plan, which is a defined benefit scheme. Amounts given for all assets are at net market value. At balance date the scheme is owed from the current period. During the period shares in listed companies that had a net realisable value of $5 million at the beginning of the period were sold for $6.2 million. Shares were purchased during the period for $2 million. Actuarial reports on the fund are undertaken annually at balance date. The actuarial estimate of the accrued benefits were: What is the total revenue for the plan for the period ended 30 June 2003? A) $6,555,000 B) $2,709,000 C) $8,200,000 D) $1,685,000 E) None of the given answers.
At balance date the scheme is owed from the current period.
The following information relates to the Old Fogey's Superannuation Plan, which is a defined benefit scheme. Amounts given for all assets are at net market value. At balance date the scheme is owed from the current period. During the period shares in listed companies that had a net realisable value of $5 million at the beginning of the period were sold for $6.2 million. Shares were purchased during the period for $2 million. Actuarial reports on the fund are undertaken annually at balance date. The actuarial estimate of the accrued benefits were: What is the total revenue for the plan for the period ended 30 June 2003? A) $6,555,000 B) $2,709,000 C) $8,200,000 D) $1,685,000 E) None of the given answers.
During the period shares in listed companies that had a net realisable value of $5 million at the beginning of the period were sold for $6.2 million. Shares were purchased during the period for $2 million.
Actuarial reports on the fund are undertaken annually at balance date. The actuarial estimate of the accrued benefits were:
The following information relates to the Old Fogey's Superannuation Plan, which is a defined benefit scheme. Amounts given for all assets are at net market value. At balance date the scheme is owed from the current period. During the period shares in listed companies that had a net realisable value of $5 million at the beginning of the period were sold for $6.2 million. Shares were purchased during the period for $2 million. Actuarial reports on the fund are undertaken annually at balance date. The actuarial estimate of the accrued benefits were: What is the total revenue for the plan for the period ended 30 June 2003? A) $6,555,000 B) $2,709,000 C) $8,200,000 D) $1,685,000 E) None of the given answers.
What is the total revenue for the plan for the period ended 30 June 2003?


A) $6,555,000
B) $2,709,000
C) $8,200,000
D) $1,685,000
E) None of the given answers.

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