The expected return on plan assets and the settlement rate, Ask an Expert

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Apple Dumpling Inc. sponsors a defined-benefit pension plan. The following data relates to the operation of the plan for the year 2013.
Service cost $320,000
Contributions to the plan $285,000
Actual return on plan assets $215,000
Projected benefit obligation (beginning of year) $3,100,000
Fair value of plan assets (beginning of year) $3,600,000

The expected return on plan assets and the settlement rate were both 9%. what is the amount of pension expense reported for 2013 ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M942664

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