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Assume Zooloo Company has a defined pension plan. The following data relates to the operation of the 1 answer below » Assume Zooloo Company has a defined pension plan. The following data relates to the operation of the plan for the year 2012. Market-related FMV of plan assets at 1-1-12 200,000 Projected Benefit Obligation at 1-1-12 220,000 Accumulated Benefit Obligation at 1-1-12 180,000 Actual return on plan assets for 2012 10% Expected return on plan assets for 2012 8% Settlement rate for 2012 6% Plan contributions made during 2012 10,000 Service cost on PBO for 2012 8,000 Amortization of Prior Service Cost for 2012 800 Amortization of Unrecognized Actuarial losses for 2012 900 View complete question » Assume Zooloo Company has a defined pension plan. The following data relates to the operation of the plan for the year 2012. Market-related FMV of plan assets at 1-1-12 200,000 Projected Benefit Obligation at 1-1-12 220,000 Accumulated Benefit Obligation at 1-1-12 180,000 Actual return on plan assets for 2012 10% Expected return on plan assets for 2012 8% Settlement rate for 2012 6% Plan contributions made during 2012 10,000 Service cost on PBO for 2012 8,000 Amortization of Prior Service Cost for 2012 800 Amortization of Unrecognized Actuarial losses for 2012 900 Pension Benefits paid out in 2012 1,000 Using the information provided above, compute total Pension Expense for 2012: Don’t forget to show your work. View less » Dec 02 2015 12:31 AM
