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     52.     Fargo Company has a defined benefit plan. At the end of 2004, it has determined the following information related to its pension plan:
          Projected benefit obligation     $2,100,000
          Market-related asset value of pension plan     1,800,000
          Accumulated benefit obligation     1,980,000
          Accrued pension cost     105,000
          Fair value of pension plan assets     1,830,000
          The amount of the total pension liability that is reported in Fargo's balance sheet at the end of 2004 is
          a.     $300,000.
          b.     $180,000.
          c.     $75,000.
          d.     $150,000.

     53.     Presented below is pension information related to Marten Company as of December 31, 2004:
          Accumulated benefit obligation     $ 6,000,000
          Projected benefit obligation     7,000,000
          Market-related asset value     4,800,000
          Plan assets (at fair value)     5,000,000
          Accrued pension cost     600,000
          Unrecognized prior service cost     200,000
          The amount to be reported as Intangible Asset—Deferred Pension Cost as of December 31, 2004 is
          a.     $1,000,000.
          b.     $2,000,000.
          c.     $400,000.
          d.     $200,000.

     54.     Bailey, Inc. has a defined benefit pension plan covering its 50 employees. Bailey agrees to amend its pension benefits. As a result, the projected benefit obligation increased by $600,000. Bailey determined that all its employees are expected to receive benefits under the plan over the next 5 years. In addition, 20% are expected to retire or quit each year. Assuming that Bailey uses the years-of-service method of amortization for prior service cost, the amount reported as amortization of prior service cost in year one after the amendment is
          a.     $120,000.
          b.     $200,000.
          c.     $60,000.
          d.     $160,000.

     55.     Presented below is information related to Bitner Manufacturing Company as of December 31, 2004:
               Projected benefit obligation in excess of plan assets     $1,800,000
               Unrecognized net gain     $600,000
               Unrecognized prior service cost     $810,000
          The amount to be reported as accrued pension cost at the end of 2004 is
          a.     $ -0-.
          b.     $2,010,000.
          c.     $1,590,000.
          d.     $1,800,000.

Use the following information for questions 56 and 57.

On January 1, 2004, Nen Co. has the following balances:
          Projected benefit obligation     $2,800,000
          Fair value of plan assets     2,500,000

The settlement rate is 10%. Other data related to the pension plan for 2004 are:
          Service cost     $160,000
          Amortization of unrecognized prior service costs     36,000
          Contributions     180,000
          Benefits paid     150,000
          Actual return on plan assets     176,000
          Amortization of unrecognized net gain     12,000

     56.     The balance of the projected benefit obligation at December 31, 2004 is
          a.     $3,048,000.
          b.     $3,060,000.
          c.     $3,086,000.
          d.     $3,090,000.

     57.     The fair value of plan assets at December 31, 2004 is
          a.     $2,354,000.
          b.     $2,526,000.
          c.     $2,706,000.
          d.     $2,856,000.

Use the following information for questions 58 through 62.

The following information relates to the pension plan for the employees of Tempel Co.:
                     1/1/03           12/31/03           12/31/04     
Accum. benefit obligation     $4,400,000     $4,600,000     $6,000,000
Projected benefit obligation     4,650,000     4,980,000     6,670,000
Fair value of plan assets     4,250,000     5,200,000     5,740,000
Market-related value of assets     4,100,000     5,160,000     5,650,000
Unrecognized net (gain) or loss     -0-     (720,000)     (800,000)
Settlement rate (for year)          11%     11%
Expected rate of return (for year)          8%     7%
Tempel estimates that the average remaining service life is 16 years. Tempel's contribution was $315,000 in 2004 and benefits paid were $235,000.

     58.     The interest cost for 2004 is
          a.     $448,200.
          b.     $506,000.
          c.     $547,800.
          d.     $733,700.

     59.     The actual return on plan assets in 2004 is
          a.     $340,000.
          b.     $380,000.
          c.     $490,000.
          d.     $540,000.

     60.     The unexpected gain or loss on plan assets in 2004 is
          a.     $32,800 loss.
          b.     $18,800 gain.
          c.     $127,200 gain.
          d.     $178,800 gain.

     61.     The corridor for 2004 is
          a.     $516,000.
          b.     $520,000.
          c.     $565,000.
          d.     $667,000.

     62.     The amount of unrecognized net gain amortized in 2004 is
          a.     $12,750.
          b.     $12,500.
          c.     $9,688.
          d.     $8,314.


     *63.     The following facts relate to the Lional Co. postretirement benefits plan for 2004:
               Service cost     $136,000
               Discount rate     9%
               APBO, January 1, 2004     $1,200,000
               EPBO, January 1, 2004     $1,600,000
               Benefit payments to employees     $92,000
          The amount of postretirement expense for 2004 is
          a.     $136,000.
          b.     $244,000.
          c.     $280,000.
          d.     $336,000.

     *64.     The following facts relate to the postretirement benefits plan of Ramsey, Inc. for 2004:
               Service cost     $510,000
               Discount rate     8%
               APBO, January 1, 2004 (transition amount)     $3,000,000
               EPBO, January 1, 2004     $3,600,000
               Average remaining service to full eligibility     20 years
               Average remaining service to expected retirement     25 years
          The amount of postretirement expense for 2004 is
          a.     $630,000.
          b.     $870,000.
          c.     $900,000.
          d.     $918,000.

     *65.     The following facts relate to the Albers Co. postretirement benefits plan for 2004:
               Service cost     $210,000
               Discount rate     10%
               EPBO, January 1, 2004      $1,825,000
               APBO, January 1, 2004     $1,500,000
               Actual return on plan assets in 2004     $52,500
               Expected return on plan assets in 2004     $40,000
          The amount of postretirement expense for 2004 is
          a.     $307,500.
          b.     $320,000.
          c.     $352,500.
          d.     $360,000.

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