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(a) What amount of annual pension (b) Prepare a summary journal to expense will the entry to record Ad Venture Ltd.s payment t0 Corporation provides
(a) What amount of annual pension (b) Prepare a summary journal to expense will the entry to record Ad Venture Ltd.s payment t0 Corporation provides the fol 5, E19-3 (Continuity Schedales and Calculation of Pension 7, 9) information about its defined benefit pension plan f of Pension Expense) Rebek for the year 2 017 235,000 262,500 50,000 160,000 100,000 400,000 1,600,000 2,000,000 10% Current service cost Contribution to the plan Past service cost, effective December 31, 2017 Actual return on plan assets Benefits paid Net defined benefit liability at January 1, 2017 Plan assets at January 1, 2017 Defined benefit obligation at January 1, 2017 Interest/discount rate on the DBO and plan assets Rebek follows IFRS Instructions (o) Prepare a continuity schedule for 2017 for the defined benefit obligation. (b) Prepare a continuity schedule for 2017 for the plan assets (c) Calculate pension expense for the year 2017. (d) Prepare all pension journal entries recorded by Rebek in 2017 (e) What pension amount will appear on Rebek's statement of financial position at December 31, 2017? E19-4 (Preparation of Pension Work Sheet) Refer to the information for Rebek Corporation in E19-3. Instruct
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