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2. For 2020, prepare a pension worksheet for Brownie Company that shows the journal entry for pension expense and the year-end balances in the related
2. For 2020, prepare a pension worksheet for Brownie Company that shows the journal entry for pension expense and the year-end balances in the related pension accounts. $580,000+ 565,600 14,400 Projected benefit obligation, 1/1/20 (before) Plan assets, 1/1/202 Pension liability On January 1, 2020, Crane Corp., through plan! grants prior service benefits having a present value of Settlement rate Service coste Contributions (funding) Actual (expected) return on plan assets Benefits paid to retireese Prior service cost amortization for 2020- 93,000 9% 54,000 71,000 54,600 40,000 19,2004
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