Business, 16.04.2020 02:08 hannahbanana2000

The following information pertains to Havana Corporation's defined benefit pension plan:
($ in 000s) 2011 2012
Beginning Beginning

balances balances

Projected benefit obligation ($6,000) ($6,504)
Plan assets 5,760 6,336
Prior service cost--AOCI 600 552
Net loss--AOCI 720 786

At the end of 2011, Havana contributed $696 thousand to the pension fund and benefit payments of $624
thousand were made to retirees. The expected rate of return on plan assets was 10%, and the actuary's
discount rate is 8%. There were no changes in actuarial estimates and assumptions regarding the PBO.

What is the 2011 pension expense for Havana's plan?

A. $678 thousand
B. $594 thousand
C. $702 thousand
D. $606 thousand

Answers: 1

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The following information pertains to Havana Corporation's defined benefit pension plan:
($ i...

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