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Current Attempt in Progress Determine the components of pension expense that the company would recognize in 2 0 2 5 . ( With only one
Current Attempt in Progress Determine the components of pension expense that the company would recognize in With only one year involved, you need not prepare a worksheet. Components of Pension Expense Interest on Projected Benefit Obligation Actual Return on Plan Assets Amortization of Gain or Loss Prepare the journal entry to record the pension expense and the company's funding of the pension plan in Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account titles and enter for the amounts. List all debit entries before credit entries. Compute the amount of the increasedecrease in gains or losses and the amount to be amortized in and Do not leave any answer field blank. Enter for amounts. IncreaseDecrease in Amortization in $ $ Amortization in $Indicate the pension amounts reported in the financial statement as of December WILDHORSE COMPANY Income Statement Partial $ Wildhorse Company sponsors a defined benefit plan for its employees. On January the company's actuary provided the following information. The average remaining service period for the participating employees is years. All employees are expected to receive benefits under the plan. On December the actuary calculated that the present value of future benefits earned for employee services rendered in the current year amounted to $; the projected benefit obligation was $; fair value of pension assets was $; the accumulated benefit obligation amounted to $ The expected return on plan assets and the discount rate on the projected benefit obligation were both The actual return on plan assets is $ The company's current year's contribution to the pension plan amounted to $ No benefits were paid during the year.
Current Attempt in Progress Determine the components of pension expense that the company would recognize in With only one year involved, you
need not prepare a worksheet.
Components of Pension Expense
Interest on Projected Benefit Obligation
Actual Return on Plan Assets
Amortization of Gain or Loss Prepare the journal entry to record the pension expense and the company's funding of the pension plan in Credit account
titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry" for the account
titles and enter for the amounts. List all debit entries before credit entries. Compute the amount of the increasedecrease in gains or losses and the amount to be amortized in and Do not
leave any answer field blank. Enter for amounts.
IncreaseDecrease in
Amortization in
$
$
Amortization in
$Indicate the pension amounts reported in the financial statement as of December
WILDHORSE COMPANY
Income Statement Partial
$
Wildhorse Company sponsors a defined benefit plan for its employees. On January the company's actuary provided the
following information.
The average remaining service period for the participating employees is years. All employees are expected to receive benefits
under the plan. On December the actuary calculated that the present value of future benefits earned for employee services
rendered in the current year amounted to $; the projected benefit obligation was $; fair value of pension assets was
$; the accumulated benefit obligation amounted to $ The expected return on plan assets and the discount rate on the
projected benefit obligation were both The actual return on plan assets is $ The company's current year's contribution to
the pension plan amounted to $ No benefits were paid during the year.
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