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5 points Save Answer QUESTION 1 (5 points) At the end of 2021, Schwei Co. will have a defined pension obligation of $2,929,000 and pension
5 points Save Answer QUESTION 1 (5 points) At the end of 2021, Schwei Co. will have a defined pension obligation of $2,929,000 and pension plan assets of $3,251,000. Annualized service payments for the plan are $234,000. What amount will be listed on Schwei Co.'s 2021 balance sheet for the pension plan? (IFO 13) $88,000 $322,000 $556,000 $2,929,000 QUESTION 2 5 points Save Answer (5 points) JSL, Inc. contributed $1,508,000 to its pension during 2020 and reported compensation expense for the pension and net pension costs of $1,396,500. Based on this information, how much will JSL, Inc. show in its direct style statement of cash flows for pensions for the year? (10 23) ($1,508,000) ($111,500) $111,500 $1,396,500 QUESTION 3 5 points Save Answer (5 points) TBL, Inc. reports the following information for its pension in 2021: actual return on plan assets of $89,500, amortization of net actuarial gain (OCI) of $29,000, expected return on plan assets of $71,600, interest on PBO of $154,000, and service cost of $358,000. Given this information, what will be TBL, Inc.'s total pension cost for the year? (IFO 13) $469,400 $451,500 $411,400 $393,500
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