Gordon Company sponsors a defined benefit pension plan. The following information related to the pension plan is

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Gordon Company sponsors a defined benefit pension plan. The following information related to the pension plan is available for 2015 and 2016.

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Instructions

(a) Compute pension expense for 2015 and 2016.

(b) Prepare the journal entries to record the pension expense and the company’s funding of the pension plan for both years.

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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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