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What is the fair value of the plan assets at december

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Friendly Company determined the following amounts related to its pensions:

Benefits paid to retirees $ 447,250

Expected return on plan assets 366,150

Funding contributions during the year 478,050

Service cost 442,100

Investment return 326,700

Interest cost 480,300

Plan assets at fair value, January 1 7,327,950

Problem A. What is the net periodic pension cost for the year?

Problem B. What is the fair value of the plan assets at December 31?

Problem C. Which investment return, expected or actual, does GAAP allow in the calculation of benefit cost? What is the rationale underlying this treatment?

Problem D. What factors affect the estimate of a firm's future retirement obligation?

Reference no: EM132878680

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