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Bridgeport Company adopts acceptable accounting for its defined benefit pension plan on January 1,2019 , with the following beginning balances: plan assets $600,000; projected benefit
Bridgeport Company adopts acceptable accounting for its defined benefit pension plan on January 1,2019 , with the following beginning balances: plan assets $600,000; projected benefit obligation $600,000. Other data relating to 3 years' operation of the plan are shown below. (a) Prepare a pension worksheet presenting all 3 years' pension balances and activities. (Round answers to 0 decimal places, es. 5,125. Prepare a pension worksheet presenting all 3 years' pension balances and activities. (Round answers to 0 decimal places, eg. 5,125. Enter all amounts as positive.) Question 18 of 28 Accumulated OCI, Dec. 31, 2018 Balance, Dec. 31, 2019 Additional PSC, 1/1/2020 Balance, Jan. 1, 2020 Service cost Interest cost Actual return Amortization of PSC Contributions Benefits Journal entry for 2020 Accumulated OCI, Dec 31, 2019 Balance, Dec. 31, 2020 Balance, Dec. 31, 2020 Bridgeport Company adopts acceptable accounting for its defined benefit pension plan on January 1,2019 , with the following beginning balances: plan assets $600,000; projected benefit obligation $600,000. Other data relating to 3 years' operation of the plan are shown below. (a) Prepare a pension worksheet presenting all 3 years' pension balances and activities. (Round answers to 0 decimal places, es. 5,125. Prepare a pension worksheet presenting all 3 years' pension balances and activities. (Round answers to 0 decimal places, eg. 5,125. Enter all amounts as positive.) Question 18 of 28 Accumulated OCI, Dec. 31, 2018 Balance, Dec. 31, 2019 Additional PSC, 1/1/2020 Balance, Jan. 1, 2020 Service cost Interest cost Actual return Amortization of PSC Contributions Benefits Journal entry for 2020 Accumulated OCI, Dec 31, 2019 Balance, Dec. 31, 2020 Balance, Dec. 31, 2020
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