homework help for brianwigi only

profilegicihqcks

(Pension Entries) Assume that the actuarially required pension plan contribution for a county for its general government employees is $8,000,000. Compute the pension expenditures to be reported in each of the following situations:

    1. The county contributed $5,000,000 to the pension plan. Its unfunded pension liability increased by $3,000,000 (all classified as unmatured).
    2. The county contributed $4,500,000 to the pension plan. Its unfunded pension liability increased by $3,500,000 (all classified as unmatured).
    3. The county contributed $4,200,000 to the pension plan. The matured portion of its unfunded pension liability increased $150,000.
    4. The county contributed $9,000,000 to the pension plan. The matured portion of its unfunded pension liability decreased $200,000.

    • 8 years ago
    • 3
    Answer(0)
    Bids(1)