P20-1. On Jan 1, 2010 cunningham company has the following(a) defined proceeds commit excogitation balances. Projected benefit obligation 4,500,000 Fair advise of forge assets 4,200,000 The interest (settlement) stray applicable to the plan is 10%. On Jan 1, 2011 the company insurance its indemnity agreement so that antecedent service tolls of 500,00 are created. other data link to to the pension plan are as follows. stratum 2010 pass 150,000 Prior service hail amortization 0 ploughshare (funding) to the plan 240,000 benefits remunerative 200,000 certain legislate on plan assets 252,000 expected reckon of return on assets 6% family 2011 Service cost 180,000 prior service cost amortization 90,000 contributions (funding) ti the plan 285,000 benefits paid 280,000 actual return on plan assets 260,000 expected rate of return on assets 8% A. pay back a pension worksheet for the pension plan for 2010 and 2011 B. for 2011 prepare the journal entry to eternize pension related amounts.
----------------------- |(a) CUNNINGHAM association | | indemnity Worksheet2010 and 2011 | | |General daybook Entries |Memo discharge | | | annual | |OCIPrior | | |Projected | | | |Pension | |Service make up |OCIGain/ |Pension | public assistance |Plan | |Items |Expense | dimension | |Loss |Asset/Liability...If you necessity to get a skilful essay, order it on our website:
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