Question: Actuary and trustee reports indicate the following changes in the PBO and plan assets of Douglas-Roberts Industries during 2011: Required: 1. Determine Douglas-Roberts' pension expense

Actuary and trustee reports indicate the following changes in the PBO and plan assets of Douglas-Roberts Industries during 2011:


Required:

1. Determine Douglas-Roberts' pension expense for 2011 and prepare the appropriate journal entries to record the expense.

2. Prepare the appropriate journal entry(s) to record any 2011 gains and losses.

3. Prepare the appropriate journal entry to record the cash contribution to plan assets.

4. Prepare the appropriate journal entry to record retiree benefits.


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