At January 1, 2015, Uddin Company had plan assets of ($250),000 and a defined benefit obligation of

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At January 1, 2015, Uddin Company had plan assets of \($250\),000 and a defined benefit obligation of the same amount. During 2015, service cost was \($27\),500, the discount rate was 10%, actual return on plan assets was \($25\),000, contributions were \($20\),000, and benefits paid were \($17\),500. Prepare a pension worksheet for Uddin Company for 2015.

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Intermediate Accounting IFRS Edition

ISBN: 9781118443965

2nd Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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