Bissell Company received the following reports of its defined benefit pension plan for the current
calendar year:
The long-term expected rate of return on plan assets is 10%. Assuming no other data are
relevant, what is the pension expense for the year?
Multiple Choice
$224,000.
$191,000.
$198,300.
$301,000.PBOPlan assetsBalance, January 1$460,000Balance, January 1$257,000Service
cost192,000Actual return33,000Interest cost32,000Annual contribution113,000Benefits
paid(83,000)Benefits paid(83,000)Balance, December 31$601,000Balance, December
31$320,000.
Bissell Company received the following reports of its defined bene.pdf
1. Bissell Company received the following reports of its defined benefit pension plan for the current
calendar year:
The long-term expected rate of return on plan assets is 10%. Assuming no other data are
relevant, what is the pension expense for the year?
Multiple Choice
$224,000.
$191,000.
$198,300.
$301,000.PBOPlan assetsBalance, January 1$460,000Balance, January 1$257,000Service
cost192,000Actual return33,000Interest cost32,000Annual contribution113,000Benefits
paid(83,000)Benefits paid(83,000)Balance, December 31$601,000Balance, December
31$320,000
