The following data are for the pension plan for the employees of Oriole Company. 1/1/25 12/31/25 12/31/26 Accumulated benefit obligation $5014000 $5214000 $6814000 Projected benefit obligation 5414000 5618000 7414000 Plan assets (at fair value) 4614000 6014000 6618000 AOCL-net loss 0 974000 1014000 Settlement rate (for year) 11% 10% Expected rate of return (for year) 9% 8% Oriole's contribution was $854000 in 2026 and benefits paid were $764000. Oriole estimates that the average remaining service life is 15 years. The actual return on plan assets in 2026 was O $314000. O $514000. ○ $404000. ○ $604000.

The following data are for the pension plan for the employees of Oriole Company. 1/1/25 12/31/25 12/31/26 Accumulated benefit obligation $5014000 $5214000 $6814000 Projected benefit obligation 5414000 5618000 7414000 Plan assets (at fair value) 4614000 6014000 6618000 AOCL-net loss 0 974000 1014000 Settlement rate (for year) 11% 10% Expected rate of return (for year) 9% 8% Oriole's contribution was $854000 in 2026 and benefits paid were $764000. Oriole estimates that the average remaining service life is 15 years. The actual return on plan assets in 2026 was O $314000. O $514000. ○ $404000. ○ $604000.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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