B D E F G H L M N 0 P Q Off Balance Sheet [Will be in Note Disclosures] 2 The Employer's Financial Statements Use this column to record the critical The Pension Plan managed under a Pension Trustee 3 This problem covers two years' activity variable in question. It in a company's pension plan for a defined benefit plan might be a Percentage or it might be a dollar amount. Link these items into the worksheet columns as you feel apppriate Statement of Comprehensive Income Plan Fund Liabilities Plan Assets BALANCE SHEET Cash Pension Asset {Earnings] Other Annual Pension Comprehensiv Expense e Income Pension Liablity 5 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 OVERFUNDED 7 01/01/20 1 Senior Management renegotiates the Pension Plans. The Pension Benefits are increased. The company must record Prior Service Cost in the amount of 50,000 8 1-Jan-20 2 B D E F G H L M N 0 P Q Off Balance Sheet [Will be in Note Disclosures] 2 The Employer's Financial Statements Use this column to record the critical The Pension Plan managed under a Pension Trustee 3 This problem covers two years' activity variable in question. It in a company's pension plan for a defined benefit plan might be a Percentage or it might be a dollar amount. Link these items into the worksheet columns as you feel apppriate Statement of Comprehensive Income Plan Fund Liabilities Plan Assets BALANCE SHEET Cash Pension Asset {Earnings] Other Annual Pension Comprehensiv Expense e Income Pension Liablity 5 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 OVERFUNDED 7 01/01/20 1 Senior Management renegotiates the Pension Plans. The Pension Benefits are increased. The company must record Prior Service Cost in the amount of 50,000 8 1-Jan-20 2