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please construct a pension worksheet The following information is available for the pension plan of Talkspace Corpor...
The following information is available for the pension plan of Riverbed company for the year 2017...
The following information is available for the pension plan of Riverbed company for the year 2017 Actual and expected return on plan assets..........$13,800 Benefits paid to retirees..........$36,000 Contributions (funding)..........$88,000 Interest/discount rate..........11% Prior service cost amortization..........$7,900 Projected benefit obligation, January 1, 2017..........$502,000 Service cost..........$59,000 A. Compute pension expense for the year 2017 (show work): $__________ B. Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2017 (using table above) Pension expense..........__________ Cash..........__________ Pension...
*Exercise 20-1 The following information is available for the pension plan of Radcliffe Company for the...
*Exercise 20-1 The following information is available for the pension plan of Radcliffe Company for the year 2017 15,000 40,000 90,000 Actual and expected return on plan assets Benefits paid to retirees Contributions (funding) Interest/discount rate Prior service cost amortization Projected benefit obligation, January 1, 2017 Service cost 1096 8,000 500,000 60,000 Compute pension expense for the year 2017 Pension expense for 2017 Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in...
The following information is available for the pension plan of Bramble Company for the year 2017....
The following information is available for the pension plan of
Bramble Company for the year 2017.
Actual and expected return on plan assets
$ 14,200
Benefits paid to retirees
39,300
Contributions (funding)
92,900
Interest/discount rate
10
%
Prior service cost amortization
7,500
Projected benefit obligation, January 1, 2017
508,000
Service cost
56,900
Compute pension expense for the year 2017.
Pension expense for 2017
$
SHOW LIST OF ACCOUNTS
Prepare the journal entry to record pension expense and the
employer’s contribution...
The following information is available for the pension plan of Crane Company for the year 2017....
The following information is available for the pension plan of
Crane Company for the year 2017.
Actual and expected return on plan assets
$ 15,300
Benefits paid to retirees
41,500
Contributions (funding)
88,100
Interest/discount rate
10
%
Prior service cost amortization
7,700
Projected benefit obligation, January 1, 2017
496,000
Service cost
54,500
Compute pension expense for the year 2017.
Pension expense for 2017
$
SHOW LIST OF ACCOUNTS
Prepare the journal entry to record pension expense and the
employer’s contribution...
The following information is available for the pension plan of Larkspur Company for the year 2017...
The following information is available for the pension plan of Larkspur Company for the year 2017 $15,300 40,500 92,900 Actual and expected return on plan assets Benefits paid to retirees Contributions (funding) Interest/discount rate Prior service cost amortization Projected benefit obligation, January 1, 2017 Service cost 11% 7,300 474,000 58,500 Your answer is correct Compute pension expense for the year 2017 Pension expense for 2017 902640 Attempts: 1 of 3 used Prepare the journal entry to record pension expense and...
Problem 5. Pension Worksheet. Howard Corp, sponsors a defined benefit pension plan for its employees. On...
Problem 5. Pension Worksheet. Howard Corp, sponsors a defined benefit pension plan for its employees. On January 1, 2017, the following balances related to this plan. Plan assets (market-related value) $450,000 Projected benefit obligation 600,000 Prior service cost 100,000 OCI - Gain 65,000 Average remaining service life in years 10 As a result of the operation of the plan during 2017, the actuary provided the following additional data at December 31, 2017 Service cost for 2017 $75,000 Actual return on...
Problem 5. Pension Worksheet. Howard Corp. sponsors a defined benefit pension plan for its employees. On...
Problem 5. Pension Worksheet. Howard Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2017, the following balances related to this plan. Plan assets (market-related value) $450,000 Projected benefit obligation 600,000 Prior service cost 100,000 OCI - Gain 65,000 Average remaining service life in years 10 As a result of the operation of the plan during 2017, the actuary provided the following additional data at December 31, 2017 Service cost for 2017 $75,000 Actual return on...
10 Problem 5. Pension Worksheet. Howard Corp. sponsors a defined benefit pension plan for its employees....
10 Problem 5. Pension Worksheet. Howard Corp. sponsors a defined benefit pension plan for its employees. On January 1. 2017, the following balances related to this plan. Plan assets (market-related value) $450,000 Projected benefit obligation 600,000 Prior service cost 100,000 OCI - Gain 65,000 Average remaining service life in years As a result of the operation of the plan during 2017, the actuary provided the following additional data at December 31, 2017. Service cost for 2017 $75,000 Actual return on...
The following information is available for Aurora Corporation's pension plan for the year 2017: Instructions (a)...
The following information is available for Aurora Corporation's pension plan for the year 2017: Instructions (a) Calculate pension expense for the year 2017, and provide the entries to recognize the pension expense and funding for the year, assuming that Huntley follows IFRS. Plan assets, January 1, 2017 Actual return on plan assets Benefits paid to retirees Contributions (funding) Discount rate Defined benefit obligation, January 1, 2017, accounting basis valuation Service cost $400,000 17,000 40,000 95,000 8% 500,000 65,000
The following information applies to Riddle Corp.'s defined benefit pension plan for the current year: $...
The following information applies to Riddle Corp.'s defined benefit pension plan for the current year: $ 600,000 540,000 60,000 150,000 Projected benefit obligation January 1 (before amendment) Plan assets January 1 Pension Asset/Liability, January 1-credit balance Present value of increase in service benefits effective January 1 because of an amendment in the pension plan (not included in the projected benefit obligation above) Settlement rate Contributions to the plan (funding) Service Cost Actual and expected return on plan assets Benefits paid...
*Exercise 20-1 The following information is available for the pension plan of Radcliffe Company for the year 2017 15,000 40,000 90,000 Actual and expected return on plan assets Benefits paid to retirees Contributions (funding) Interest/discount rate Prior service cost amortization Projected benefit obligation, January 1, 2017 Service cost 1096 8,000 500,000 60,000 Compute pension expense for the year 2017 Pension expense for 2017 Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in...
The following information is available for the pension plan of
Bramble Company for the year 2017.
Actual and expected return on plan assets
$ 14,200
Benefits paid to retirees
39,300
Contributions (funding)
92,900
Interest/discount rate
10
%
Prior service cost amortization
7,500
Projected benefit obligation, January 1, 2017
508,000
Service cost
56,900
Compute pension expense for the year 2017.
Pension expense for 2017
$
SHOW LIST OF ACCOUNTS
Prepare the journal entry to record pension expense and the
employer’s contribution...
The following information is available for the pension plan of
Crane Company for the year 2017.
Actual and expected return on plan assets
$ 15,300
Benefits paid to retirees
41,500
Contributions (funding)
88,100
Interest/discount rate
10
%
Prior service cost amortization
7,700
Projected benefit obligation, January 1, 2017
496,000
Service cost
54,500
Compute pension expense for the year 2017.
Pension expense for 2017
$
SHOW LIST OF ACCOUNTS
Prepare the journal entry to record pension expense and the
employer’s contribution...
The following information is available for the pension plan of Larkspur Company for the year 2017 $15,300 40,500 92,900 Actual and expected return on plan assets Benefits paid to retirees Contributions (funding) Interest/discount rate Prior service cost amortization Projected benefit obligation, January 1, 2017 Service cost 11% 7,300 474,000 58,500 Your answer is correct Compute pension expense for the year 2017 Pension expense for 2017 902640 Attempts: 1 of 3 used Prepare the journal entry to record pension expense and...
Problem 5. Pension Worksheet. Howard Corp, sponsors a defined benefit pension plan for its employees. On January 1, 2017, the following balances related to this plan. Plan assets (market-related value) $450,000 Projected benefit obligation 600,000 Prior service cost 100,000 OCI - Gain 65,000 Average remaining service life in years 10 As a result of the operation of the plan during 2017, the actuary provided the following additional data at December 31, 2017 Service cost for 2017 $75,000 Actual return on...
Problem 5. Pension Worksheet. Howard Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2017, the following balances related to this plan. Plan assets (market-related value) $450,000 Projected benefit obligation 600,000 Prior service cost 100,000 OCI - Gain 65,000 Average remaining service life in years 10 As a result of the operation of the plan during 2017, the actuary provided the following additional data at December 31, 2017 Service cost for 2017 $75,000 Actual return on...
10 Problem 5. Pension Worksheet. Howard Corp. sponsors a defined benefit pension plan for its employees. On January 1. 2017, the following balances related to this plan. Plan assets (market-related value) $450,000 Projected benefit obligation 600,000 Prior service cost 100,000 OCI - Gain 65,000 Average remaining service life in years As a result of the operation of the plan during 2017, the actuary provided the following additional data at December 31, 2017. Service cost for 2017 $75,000 Actual return on...
The following information applies to Riddle Corp.'s defined benefit pension plan for the current year: $ 600,000 540,000 60,000 150,000 Projected benefit obligation January 1 (before amendment) Plan assets January 1 Pension Asset/Liability, January 1-credit balance Present value of increase in service benefits effective January 1 because of an amendment in the pension plan (not included in the projected benefit obligation above) Settlement rate Contributions to the plan (funding) Service Cost Actual and expected return on plan assets Benefits paid...
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