Holster Western Wear,Inc.has a defined benefit pension plan covering its 120 employees.Information relating to the plan follows:

Holster expects a 10 percent return on its pension fund assets.Compute the difference between the actual return and the expected return and explain how this amount affects net periodic pension cost for 2014.

Question

Holster Western Wear,Inc.has a defined benefit pension plan covering its 120 employees.Information relating to the plan follows:
  
Holster expects a 10 percent return on its pension fund assets.Compute the difference between the actual return and the expected return and explain how this amount affects net periodic pension cost for 2014.

Quizplus · Accepted Answer

The Answer of Holster Western Wear,Inc.has a defined benefit pension plan covering its 120 employees.Information relating to the plan follows:
  
Holster expects a 10 percent return on its pension fund assets.Compute the difference between the actual return and the expected return and explain how this amount affects net periodic pension cost for 2014.