StanleyMorgan Industries adopted a defined benefit pension plan on April The provisions of the plan were not made
retroactive to prior years. A local bank, engaged as trustee for the plan assets, expects plan assets to earn a rate of return. The
actual return was also in and A consulting firm, engaged as actuary, recommends as the appropriate discount
rate. The service cost is $ for and $ for Yearend funding is $ for and $ for
No assumptions or estimates were revised during
We assume the estimated return was based on the actual return on similar investments at the inception of the plan and that, since the
estimate didn't change, that also was the actual rate in
Required:
Calculate each of the following amounts as of both December and December :
Note: Enter your answers in thousands ie should be entered as Enter a liability as a negative amount.
