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4 questions pls The following information is available for Cullumber Corporation's pension plan for the year 2020; Plan assets, January 1, 2020 Actual return on

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The following information is available for Cullumber Corporation's pension plan for the year 2020; Plan assets, January 1, 2020 Actual return on plan assets Benefits paid to retirees Contributions (funding) Discount rate Defined benent obligation January 1, 2020, accounting basis valuation Service cost $430,000 17.000 40,200 94,300 10% 518,000 65.400 Calculate pension expense for the year 2020. assuming that Cullumber follows IFRS. Pension expense $ Provide the entries to recognize the pension expense and funding for the year. (Credit account titles are automatically indented when the amount is entered. Do not inderit manually) Account Titles and Explanation Debit Credit Date December 31, 2020 > To record pension expense and remeasurement loss. December 31, 2020 To record contributions to the pension fund) Calculate pension expense for the year 2020, assuming that Cullumber follows ASPE, and its accounting policy is to use an accounting basis valuation for its defined benefit obligation Pension expense Provide the entries to recognize the pension expense and funding for the year. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit December 31, 2020 (To record pension expense December 31, 2020 (To record contributions to the pension fund) e Textbook and Media ORI DOLL F3 F4 FS F6 F7 FB F9 F10 F11 F12 $ & * 3 4 5 C 7 8

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