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