AMR Corporation ( parent company of American Airlines ) reported the following for 2009 ( in millions ).
Service cost $ 405 Interest cost on P . B . O 736 Return on plan assets 825 Amortization of service cost 29 Amortization of loss 66 Compute AMR Corporation ‟ s 2009 pension expense ( in millions ). Question 19
For Warren Corporation , year-end plan assets were $ 2,094,700 . At the beginning of the year , plan assets were $ 1,762,400 . During the year , contributions to the pension fund were $ 120,000 , and benefits paid were $ 200,000 . Compute Warren ‟ s actual return on plan assets .
Question 20
For 2010 , Campbell Soup Company had pension expense of $ 48 million and contributed $ 296 million to the pension fund . Prepare Campbell Soup Company ‟ s journal entry to record pension expense and funding .
Question 21 Lahey Corp . has three defined-benefit pension plans as follows . Pension Assets ( at Fair Value ) Projected Benefit Obligation Plan X $ 637,500 $ 504,000