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Carla Vista Limited follows ASPE, and the company sponsors a defined benefit pension plan. Carla Vista's actuary provides the following information about the plan
Carla Vista Limited follows ASPE, and the company sponsors a defined benefit pension plan. Carla Vista's actuary provides the following information about the plan (in thousands of dollars): January 1, December 31 2023 2023 Vested benefit obligation $1,200 $1,450 Defined benefit obligation, accounting basis 2,380 3,098 Plan assets (fair value) 1,320 2.094 Interest/discount rate 10% 10% Net defined benefitability/asset ? Past service cost, plan amendment, effective December 30, 2023 Service cost for the year 2023 340 280 Contributions (funding) 2023 660 Benefits paid in 2023 140 (a) Prepare a 2023 pension work sheet. (Enter answers in thousands of dollars) Items Balance, Jan. 1, 2023 (a) Service cost (b) Net interest/finance cost (c) Asset remeasurement gain (d) Past service cost in year (el Contributions Benebts paid Expense entry-2023 Contributions entry-2023 Balance. Dec. 31.2023 eTextbook and Media Annual Defined Benefit Expense > < > CAR Pension V General Journal Entries Cash > > Prepare a 2023 pension work sheet. (Enter answers in thousands of dollars) CARLA VISTA LIMITED Pension Work Sheet-2023 (ASPE) ries < < eTextbook and Media Net Defined Benefit Liability/ Asset > Memo Record Defined Benefit Obligation E) Defined ht Liability/ Asset Defined Benefit Obligation Memo Record > > > > > < > > Plan Assets < > >
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