The following pension information is for three different companies. For each company, compute the…
The following pension information is for three different companies. For each company, compute the missing amount or amounts.
Company 1
Company 2
Company 3
Pension fund assets
$100,000
$75,000
$ (e)
Pension obligation liability
(a)
80,000
100,000
Net pension asset (liability).
20,000
(c)
(25,000)
Pension-related interest cost.
10,000
(d)
$20,000
Service cost
8,000
6,000
23,000
Return on pension plan assets
$5,000
8,000
(f)
Pension expense
(b)
10,000
35,000
