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Amortization of PSC Amortization of loss Contributions Benefits Journal entry for 2026 Accumulated OCI, Dec. 31, 2025 Balance, Dec. 31, 2026 $ $ - -
Amortization of PSC Amortization of loss Contributions Benefits Journal entry for 2026 Accumulated OCI, Dec. 31, 2025 Balance, Dec. 31, 2026 $ $ - - $ eTextbook and Media List of Accounts Save for Later Attempts: 0 of 2 used Submit Answer Using multiple attempts will impact your score. 50% score reduction after attempt 1 (b) For 2026, indicate the pension amounts reported in the financial statements. (Round answers to 0 decimal places, e.g. 5,125.) For 2026 , indicate the pension amounts reported in the financial statements. (Round answers to 0 decimal places, e.g. 5,125.) Prepare the journal entries (from the worksheet) to reflect all pension plan transactions and events at December 31 of each year. (Round answers to 0 decimal places, e.g. 5,125. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Calculate the amortization of the loss (2026) using the corridor approach. Amortization of the loss Ivanhoe Company sponsors a defined benefit pension plan for its employees. The following data relate to the operation of the plan for the years 2025 and 2026. Contributions Benefits Increase in PBO Journal entry for 2025 Accumulated OCI, Dec. 31, 2024 Balance, Dec. 31, 2025 Service cost Interest cost Actual return Unexpected gain Amortization of PSC Amortization of loss $ $ B Prepare a pension worksheet presenting both years 2025 and 2026. (Round answers to 0 decimal places, e.g. 5,125. Enter all amounts as positive.)
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