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(b) Determine the pension exnense for 2023, 2024 and 2025. - pension exnense 2023 = - pension exnense 2024 = - pension exnense 2025 =

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(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.)

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(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).)

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(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).)

image text in transcribed

(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).)

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(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.)

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