At January 1, 2011, Uddin Company had plan assets of $250,000 and a projected benefit obliga- tion
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At January 1, 2011, Uddin Company had plan assets of $250,000 and a projected benefit obliga- tion of the same amount. During 2011, service cost was $27,500, the settlement rate was 10%, actual and expected return on plan assets were $25,000, contributions were $20,000, and benefits paid were $17,500. Prepare a pension worksheet for Uddin Company for 2011.
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Related Book For
Intermediate Accounting 2007 FASB Update Volume 2
ISBN: 9780470128763
12th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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