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ent Exercise 20-10 Splish Corp. Plan assets Projected benefit obligation Pension asset/liability Accumulated OCI (PSC) sponsors a defined benefit pension plan for its employees. On
ent Exercise 20-10 Splish Corp. Plan assets Projected benefit obligation Pension asset/liability Accumulated OCI (PSC) sponsors a defined benefit pension plan for its employees. On January 1, 2017, the following balances relate to this plan. $463,200 578,200 15,000 100,100 Dr. As a result of the operation of the plan during 2017, the following additional data are provided by the actuary. Service cost $86,600 Actual return on plan assets Amortization of prior service cost Expected return on plan assets Unexpected loss from change in projected benefit obligation, 53,200 18,000 50,200 due to change in actuarial predictions Contributions Benefits paid retirees 79,600 99,600 85,100 Using the data above, compute pension expense for Splish Corp. for the year 2017 by preparing a pension CORP General Journal Entries Memo re Art re Like Ki ..dfCS48 FINAL
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