A B E F H K P Q Off Balance Sheet [Will be 2 in Note Disclosures] Use this column to The Employer's Financial Statements record the critical This problem covers two years' activity rablein queston. It in a company's pension plan for a defined benefit plan The Pension Plan managed 3 under a Pension Trustee or it might be a dollar Statement of Plan Fund Plan amount. Link these Comprehensive Income BALANCE SHEET Liabilities Assets items into the worksheet columns as you feel apppriate Pension {Earnings] Annual Pension Comprehensiv Other Cash Pension Asset Liablity Expense e Income 6 DATE As of January 1, 2001 The Actuary reports a closing Pension Obligation of 200,000. The Plan Trustee reports 230,000 of plan assets on hand, measured at their Fair Value. Enter the Opening Balances HINT: The plan is 7 01/01/20 OVERFUNDED 1 Senior Management renegotiates the Pension Plans. The Pension Benefits are Increased. The company must record Prior Service Cost in the 8 1-Jan-20 amount of 50,000 2