Question
(b) Determine the pension exnense for 2023, 2024 and 2025. - pension exnense 2023 = - pension exnense 2024 = - pension exnense 2025 =
(b) Determine the pension exnense for 2023, 2024 and 2025.
- pension exnense 2023 =
- pension exnense 2024 =
- pension exnense 2025 =
(c) Prepare the journal entries to reflect the pension plan transactions and events for each year. (Credit account titles are autor indented when the amount is entered. Do not indent manually.)
(d) Prepare a schedule reconciling the pension plan's surplus or deficit with the pension amounts reported on the SP over the three. year period. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45).)
(e) Prepare a schedule reconciling the pension plan's surplus or deficit with the pension amounts reported on the SP over the three. year period. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45).)
(f) Prepare a schedule reconciling the pension plan's surplus or deficit with the pension amounts reported on the SP over the three. year period. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45).)
(g) Determine the pension expense for each of 2020, 2021, and 2022 assuming that the company applies ASPE
- pension exnense 2023 =
- pension exnense 2024 =
- pension exnense 2025 =
Carla Vista Corporation reports the following January 1, 2023 balances for its defined benefit pension plan, which it accounts for under IFRS: plan assets, $460,000; defined benefit obligation, $460,000. Other data relating to three years of operation of the plan are as follows: Opening balance Service cost Net Int./Fin.Cost Asset Remeasurement Loss Contributions Benefits paid Expense entry Funding entry Total CARLA VISTA CORPORATION Pension Worksheet for 2023 General Journal Entries Pension Expense Remeasurement (Gain) Loss - OCl Net Defined Benefit Liability/Asset (To record pension expense.) Net Defined Benefit Liabilitw/Asset Cash (To record contribution to the pension fund.) Pension Exdense Net Defined Benefit Liability/Asset (To record pension expense.) Net Defined Benefit Liability/Asset Cash (To record contribution to the pension fund.) Pension Expense Remeasurement (Gain) Loss - OCl Net Defined Benefit Liabilitw/Asset (To record pension expense.) Net Defined Benefit Liabilitw/Asset Cash (To record contribution to the pension fund.)Step by Step Solution
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