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can I get some help on this? thank you! PROBLEM - PENSIONS Presented below is information related to Eliza Department Stores, Inc. pension plan for
can I get some help on this? thank you!
PROBLEM - PENSIONS Presented below is information related to Eliza Department Stores, Inc. pension plan for 2023. During 2023, the actuary determined that due to changes in market returns, leading to changes in the expected settlement rates, the projected benefit obligation should increase by $197,000.16 year service life. Instructions 1 - Complete the pension worksheet, and prepare the pension journal entries for 2023 . All answers must be on the sheets provided to you. 2 - If the average remaining service life for 2024 equals 15.5 years, what is the journal entry to record the amorization of the OCI-Gain/Loss account for 2024 ? PROBLEM - PENSIONS Presented below is information related to Eliza Department Stores, Inc. pension plan for 2023. During 2023, the actuary determined that due to changes in market returns, leading to changes in the expected settlement rates, the projected benefit obligation should increase by $197,000.16 year service life. Instructions 1 - Complete the pension worksheet, and prepare the pension journal entries for 2023 . All answers must be on the sheets provided to you. 2 - If the average remaining service life for 2024 equals 15.5 years, what is the journal entry to record the amorization of the OCI-Gain/Loss account for 2024 Step by Step Solution
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