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Check my work LA I PWANIE *** Abbott and Abbott has a noncontributory, defined benefit pension plan At December 31, 2021. Abbon and Abbott received
Check my work LA I PWANIE *** Abbott and Abbott has a noncontributory, defined benefit pension plan At December 31, 2021. Abbon and Abbott received the following information Project Manation Balance, January 1 315 Service cost Interest cost 12 Benefits paid (8) Balance December 31 Plan Assets Balance wary 1 Actual return on plan assets Contributions 2021 Benefits paid Salance December 31 1125 11 30 The expected long-term rate of return on plan assets was 89. There was no prior service cost and alle netloss-AC on January 2021 Required: 1. Determine Abbott and Abbott's pension expense for 2021 2. Prepare the journal entries to record Abbott and Abbott's fol pension expense, funding and payment for 2021 4 9 of 12 Next > 2.5 FM
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