The following information relates to the pension plan for the employees of Turner Co.:

The following information relates to the pension plan for the employees of Turner Co.:

1/1/14       12/31/14     12/31/15

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Accum. benefit obligation

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$6,160,000                                     $6,440,000               $8,400,000

Projected benefit obligation

6,510,000                                             6,972,000                  9,338,000

Fair value of plan assets

5,950,000                                             7,280,000                  8,036,000

AOCI – net (gain) or loss

-0-                                           (1,085,000)                       (1,120,000)

Settlement rate (for year)

10%                                                    9%

Expected rate of return (for year)

8%                                                     7%

Turner estimates that the average remaining service life is 20 years. Turner’s contribution was $882,000 in 2015 and benefits paid were $602,000.

 

The interest cost for 2015 is

a.   $627,480.

b.   $708,400.

c.   $766,920.

d.   $1,027,180.

 

The actual return on plan assets in 2015 is

a.   $476,000.

b.   $532,000.

c.   $686,000.

d.   $756,000.

 

The unexpected gain or loss on plan assets in 2015 is

a.   $33,600 loss.

b.   $26,320 gain.

c.   $32,400 gain.

d.   $50,320 loss.

The corridor for 2015 is

a.   $697,200.

b.   $833,800.

c.   $891,000.

d.   $728,000.

The amount of AOCI (net gain) amortized in 2015 is

a.   $17,850.

b.   $17,500.

c.   $13,563.

d.   $11,638.

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