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CIU- at Question Help Door Diem, Ltd. provided you with the following information regarding its defined benefit pension plan. (Click the icon to view the

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CIU- at Question Help Door Diem, Ltd. provided you with the following information regarding its defined benefit pension plan. (Click the icon to view the information.) Read the requirements More Info Requirement a. Prepare the seg Record debits first, then credits table and leave all remaining cell Comprehensive Income line of the journal entry Begin by preparing the required Account Beginning plan assets at fair value (market-related value) $620,000 Beginning projected benefit obligation (PBC). $590,000 Service cost for the year, $124,000 Settlement rate, 10% Expected return on plan assets, 6% Actual return on plan assets, $24,500 loss Contributions for the year. $40,900 Benefit payments for the year, $88,900 Beginning accumulated other comprehensive income, 339,000 (due to unamortized net actuarial gains) . Prior service costs awarded during the year (not effective as of the beginning of the year) for vested employees, $18,500 Amortization of prior service costs, $5,500 Decrease in the ending projected benefit obligation due to changes in actuarial assumptions (.e., actuarial gain), $5,000 Average remaining service life of the employee base, 5 years Choose from any list or enter af Print 14 pemaining Done neck Answer CIU- at Question Help Door Diem, Ltd. provided you with the following information regarding its defined benefit pension plan. (Click the icon to view the information.) Read the requirements More Info Requirement a. Prepare the seg Record debits first, then credits table and leave all remaining cell Comprehensive Income line of the journal entry Begin by preparing the required Account Beginning plan assets at fair value (market-related value) $620,000 Beginning projected benefit obligation (PBC). $590,000 Service cost for the year, $124,000 Settlement rate, 10% Expected return on plan assets, 6% Actual return on plan assets, $24,500 loss Contributions for the year. $40,900 Benefit payments for the year, $88,900 Beginning accumulated other comprehensive income, 339,000 (due to unamortized net actuarial gains) . Prior service costs awarded during the year (not effective as of the beginning of the year) for vested employees, $18,500 Amortization of prior service costs, $5,500 Decrease in the ending projected benefit obligation due to changes in actuarial assumptions (.e., actuarial gain), $5,000 Average remaining service life of the employee base, 5 years Choose from any list or enter af Print 14 pemaining Done neck

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