Scribd Logo
Upload

Welcome to Scribd!

  • Solutiondone 138

    Uploaded by

    trilocksp Singh
    2 views1 page
    Zeff Manufacturing provided information about its postretirement health care plan for 2017, including an accumulated postretirement benefit obligation of $300,000 on January 1st, fair value of plan assets of $30,000 on January 1st, benefits paid to retirees of $6,500 at December 31st, service cost of $20,000, recognized prior service cost of $10,000, and recognized actuarial loss of $7,000. The discount rate was 8% and expected return on plan assets was 10%.

    Original Description:

    upload

    Original Title

    solutiondone-138

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Zeff Manufacturing provided information about its postretirement health care plan for 2017, including an accumulated postretirement benefit obligation of $300,000 on January 1st, fair value of plan assets of $30,000 on January 1st, benefits paid to retirees of $6,500 at December 31st, service cost of $20,000, recognized prior service cost of $10,000, and recognized actuarial loss of $7,000. The discount rate was 8% and expected return on plan assets was 10%.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    2 views1 page

    Solutiondone 138

    Uploaded by

    trilocksp Singh
    Zeff Manufacturing provided information about its postretirement health care plan for 2017, including an accumulated postretirement benefit obligation of $300,000 on January 1st, fair value of plan assets of $30,000 on January 1st, benefits paid to retirees of $6,500 at December 31st, service cost of $20,000, recognized prior service cost of $10,000, and recognized actuarial loss of $7,000. The discount rate was 8% and expected return on plan assets was 10%.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Zeff Manufacturing provides the following information

    about its postretirement health


    Zeff Manufacturing provides the following information about its postretirement health

    Zeff Manufacturing provides the following information about its postretirement health care
    plan for 2017:
    Accumulated postretirement benefit obligation on 1/1......$300,000
    Fair value of plan assets on 1/1....................................30,000
    Benefits paid to retirees at 12/31....................................6,500
    Service cost...........................................................20,000
    Recognized prior service cost......................................10,000
    Recognized actuarial loss.............................................7,000
    Actual return on plan assets..........................................4,500
    Contributions to the plan at 12/31.................................12,000
    Discount rate.............................................................8%
    Expected long-run rate of return on plan assets.....................10%
    Required:
    1. Determine Zeff's postretirement health care expense in 2017.
    2. Determine the fair value of plan assets at December 31, 2017.
    3. Determine the APBO amount at December 31, 2017.

    Zeff Manufacturing provides the following information about its postretirement health
    SOLUTION-- http://solutiondone.online/downloads/zeff-manufacturing-provides-the-following-
    information-about-its-postretirement-health/

    Unlock answers here solutiondone.online

    You might also like