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1. Tucker Inc. had year-end Pension Plan Assets with a fair value of $1,890,000. At the beginning of the year, the Plan Assets had a
1. Tucker Inc. had year-end Pension Plan Assets with a fair value of $1,890,000. At the beginning of the year, the Plan Assets had a fair value of $1,775,000. During the year, contributions to the pension fund were $200,000, and benefits paid were $66,000. Compute Tucker Inc.'s Actual Return on Plan Assets. 2. Bailey Co. has an Actual Return on Plan Assets of $77,000, the Expected Return is $90,000. Compute Bailey Co.'s Unexpected Asset Gain or Loss and prepare the journal entry necessary for the Pension Worksheet. 3. Emert Inc. has an Actual Return on Plan Assets of $153,800, the Expected Return is $130,000. Compute Emert Inc.'s Unexpected Asset Gain or Loss and prepare the journal entry necessary for the Pension Worksheet. 4. Armstrong Inc. has an Actual Projected Benefit Obligation at the end of the year of $674,400. The Actuarial Projected Benefit Obligation at the end of the year is $650,000. Compute the Unexpected Liability Gain or Loss that will be recorded in Other Comprehensive Income equity. 5. Kelly Inc. has an Actual Projected Benefit Obligation at the end of the year of $172,500. Actuaries say that based on their computation, the Projected Benefit Obligation should have a balance of $180,000. What is the Unexpected Liability Gain or Loss that will be recorded in Other Comprehensive equity
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