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Problem 4. Pension Worksheet - Missing Amounts. The accounting staff of Elias Inc. has prepared the following pension worksheet. Unfortunately, several entries in the worksheet are not readable. The company has asked your assistance in completing the worksheet and completing the accounting tasks related to the pension plan for 2017 Plan (5) General Journal Entries Memo Record Pension OCI- OCI Cash Pension PSC РВО Expense G/L Asset Liab. Assets Balance, 1/1/2017 (1,700) (4,200) 2,500 Service cost (1) (600) Interest cost...
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The accounting staff of Flounder Inc. has prepared the following pension worksheet. Unfortunately, several entries worksheet. Unfortunately, veraltres in the worksheet are not cheable. The company has asked your assistance the accounting tasks related to the pension plan for 2017 (a) Determine the missing amounts in the 2017 pension worksheet, indicating whether the amounts are debits or credits (Enter all amounts as positive.) Pension Worksheet Founder Inc General Journal Entries Annual Pension OCI-Prior OCI-Gain/ Pension Asset Service Cost Meme Record...
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Problem 4. Pension Worksheet - Missing Amounts. The accounting staff of Eljas Inc. has prepared the tonos pension worksheet. Unfortunately, several entries in the worksheet are not readable. The company has asked your assistance in completing the worksheet and completing the accounting tasks related to the pension plan for 2017 General Journal Entries Pension Cash OCIOCI- Cash 0 PSC G/L PBO Asset Liab (85) Memo Record Pension Plan Assets Balance, 1/1/2017 (1,700) (4.200) 2,500 Service cost (1) (600) Interest cost...
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Exercise 20-18 (Part Level Submission) The accounting staff of Bramble Inc. has prepared the following pension worksheet. Unfortunately, several entries in the worksheet are not decipherable. The company has asked your assistance in completing the worksheet and completing the accounting tasks related to the pension plan for 2017 Determine the missing amounts in the 2017 pension worksheet, indicating whether the amounts are debits or credits. (Enter all amounts as positive.) Pension -Bramble Inc. Plan Assets Annual Pension oCI-Prior Service Cost...
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Problem 4. Po em 4. Pension Worksheet-Missing Amounts. The accounting staff of Elias Inc. has prepared the following pension worksheet. Unfortunately, several entries in the workshes are not readable. The company has asked you assistance in completing the worksheet and completine the accounting tasks related to the pension plan for 2017. Pension Cash G/L PBO Asset Liab (225) General Journal Entries Memo Record Pension C O CI OCI- Pension Plan Expense Cash per Assets Balance, 1/1/2017 (1.700) (4,200) Service cost...
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Exercise 20-18 (Part Level Submission) The accounting staff of Crane Inc. has prepared the following person worksheet. Unfortunately, wears in the worksheet are not deciphere. The company has asked your assistance in completing the worksheet and complete the accounting tasks related to the pension plan for 2017. (a) Determine the m o p s s in the 2017 pension worksheet, indicating whether the amounts are debits or credits te m Pension Worksheet --Crane Inc. General Entries Ana Pension OC-Prior OCI-Gain/...
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"Problem 20-1 On January 1, 2017, Pina Company has the following defined benefit pension plan balances Projected benefit obligation Fair value of plan assets $4,441,000 4,230,000 The interest (settlement) rate applicable to the plan is 10%. On January 1, 2018, the company amends its pension agreement so that prior service costs of $495,000 are created. Other data related to the pension plan are as follows. 2017 Service cost Prior service cost amortization Contributions (funding) to the plan Benefits paid Actual...
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Exercise 20-10 Webb Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2017, the following balances relate to this plan. Plan assets Projected benefit obligation Pension asset/liability Accumulated OCI (PSC) $480,000 600,000 120,00D 100,000 Dr As a result of the operation of the plan during 2017, the following additional data are provided by the actuary. Service cost Settlement rate, 9% Actual return on plan assets Amortization of prior service cost Expected return on plan assets Unexpected...
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On January 1, 2017, Sarasota Company has the following defined benefit pension plan balances. Projected benefit obligation Fair value of plan assets $4.434,000 4,230,000 2018, the company amends its pension agreement so that prior service costs of $492,000 are created. Other data related to the pension plan are as follows The interest (settlement) rate applicable to the plan is 10%. On January 2017 2018 $150,000 cost amortization 90.000 Contributions (funding) to the plan 242,000 285,000 Benefits paid 203.000 281,000 Actual...
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Question 8 --/5 View Policies Current Attempt in Progress Cheyenne Company adopts acceptable accounting for its defined benefit pension plan on January 1, 2019, with the following beginning balances: plan assets $197,800; projected benefit obligation $252,000. Other data relating to 3 years' operation of the plan are as follows. Annual service cost Settlement rate and expected rate of return Actual return on plan assets Annual funding (contributions) Benefits paid Prior service cost (plan amended, 1/1/20) Amortization of prior service cost...
Problem 4. Pension Worksheet - Missing Amounts. The accounting staff of Elias Inc. has prepared the following pension worksheet. Unfortunately, several entries in the worksheet are not readable. The company has asked your assistance in completing the worksheet and completing the accounting tasks related to the pension plan for 2017 Plan (5) General Journal Entries Memo Record Pension OCI- OCI Cash Pension PSC РВО Expense G/L Asset Liab. Assets Balance, 1/1/2017 (1,700) (4,200) 2,500 Service cost (1) (600) Interest cost...
The accounting staff of Flounder Inc. has prepared the following pension worksheet. Unfortunately, several entries worksheet. Unfortunately, veraltres in the worksheet are not cheable. The company has asked your assistance the accounting tasks related to the pension plan for 2017 (a) Determine the missing amounts in the 2017 pension worksheet, indicating whether the amounts are debits or credits (Enter all amounts as positive.) Pension Worksheet Founder Inc General Journal Entries Annual Pension OCI-Prior OCI-Gain/ Pension Asset Service Cost Meme Record...
Problem 4. Pension Worksheet - Missing Amounts. The accounting staff of Eljas Inc. has prepared the tonos pension worksheet. Unfortunately, several entries in the worksheet are not readable. The company has asked your assistance in completing the worksheet and completing the accounting tasks related to the pension plan for 2017 General Journal Entries Pension Cash OCIOCI- Cash 0 PSC G/L PBO Asset Liab (85) Memo Record Pension Plan Assets Balance, 1/1/2017 (1,700) (4.200) 2,500 Service cost (1) (600) Interest cost...
Exercise 20-18 (Part Level Submission) The accounting staff of Bramble Inc. has prepared the following pension worksheet. Unfortunately, several entries in the worksheet are not decipherable. The company has asked your assistance in completing the worksheet and completing the accounting tasks related to the pension plan for 2017 Determine the missing amounts in the 2017 pension worksheet, indicating whether the amounts are debits or credits. (Enter all amounts as positive.) Pension -Bramble Inc. Plan Assets Annual Pension oCI-Prior Service Cost...
Problem 4. Po em 4. Pension Worksheet-Missing Amounts. The accounting staff of Elias Inc. has prepared the following pension worksheet. Unfortunately, several entries in the workshes are not readable. The company has asked you assistance in completing the worksheet and completine the accounting tasks related to the pension plan for 2017. Pension Cash G/L PBO Asset Liab (225) General Journal Entries Memo Record Pension C O CI OCI- Pension Plan Expense Cash per Assets Balance, 1/1/2017 (1.700) (4,200) Service cost...
Exercise 20-18 (Part Level Submission) The accounting staff of Crane Inc. has prepared the following person worksheet. Unfortunately, wears in the worksheet are not deciphere. The company has asked your assistance in completing the worksheet and complete the accounting tasks related to the pension plan for 2017. (a) Determine the m o p s s in the 2017 pension worksheet, indicating whether the amounts are debits or credits te m Pension Worksheet --Crane Inc. General Entries Ana Pension OC-Prior OCI-Gain/...
"Problem 20-1 On January 1, 2017, Pina Company has the following defined benefit pension plan balances Projected benefit obligation Fair value of plan assets $4,441,000 4,230,000 The interest (settlement) rate applicable to the plan is 10%. On January 1, 2018, the company amends its pension agreement so that prior service costs of $495,000 are created. Other data related to the pension plan are as follows. 2017 Service cost Prior service cost amortization Contributions (funding) to the plan Benefits paid Actual...
Exercise 20-10 Webb Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2017, the following balances relate to this plan. Plan assets Projected benefit obligation Pension asset/liability Accumulated OCI (PSC) $480,000 600,000 120,00D 100,000 Dr As a result of the operation of the plan during 2017, the following additional data are provided by the actuary. Service cost Settlement rate, 9% Actual return on plan assets Amortization of prior service cost Expected return on plan assets Unexpected...
On January 1, 2017, Sarasota Company has the following defined benefit pension plan balances. Projected benefit obligation Fair value of plan assets $4.434,000 4,230,000 2018, the company amends its pension agreement so that prior service costs of $492,000 are created. Other data related to the pension plan are as follows The interest (settlement) rate applicable to the plan is 10%. On January 2017 2018 $150,000 cost amortization 90.000 Contributions (funding) to the plan 242,000 285,000 Benefits paid 203.000 281,000 Actual...
Question 8 --/5 View Policies Current Attempt in Progress Cheyenne Company adopts acceptable accounting for its defined benefit pension plan on January 1, 2019, with the following beginning balances: plan assets $197,800; projected benefit obligation $252,000. Other data relating to 3 years' operation of the plan are as follows. Annual service cost Settlement rate and expected rate of return Actual return on plan assets Annual funding (contributions) Benefits paid Prior service cost (plan amended, 1/1/20) Amortization of prior service cost...