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Exercise 1 7 - 1 1 ( Algo ) Components of pension expense; journal entries [ L 0 1 7 - 6 , 1 7
Exercise Algo Components of pension expense; journal entries L Pension data for Barry Financial Services Incorporated include the following: Discount rate, $ in thousands Expected return on plan assets, Actual return on plan assets, Service cost, January : Projected benefit obligation Accumulated benefit obligation Plan assets fair value Prior service cost AOCI amortization, $ Net gain AOCI amortization, $ There were no changes in actuarial assumptions. December : Cash contributions to pension fund, December Benefit payments to retirees, December Required: Determine pension expense for Prepare the journal entries to record a pension expense, b gains and losses if anyc funding, and d retiree benefits for Complete this question by entering your answers in the tabs below. Required Determine pension expense for Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands rounded to decimal place ie should be entered as
Exercise Algo Components of pension expense; journal entries L
Pension data for Barry Financial Services Incorporated include the following:
Discount rate,
$ in thousands
Expected return on plan assets,
Actual return on plan assets,
Service cost,
January :
Projected benefit obligation
Accumulated benefit obligation
Plan assets fair value
Prior service cost AOCI amortization, $
Net gain AOCI amortization, $
There were no changes in actuarial assumptions.
December :
Cash contributions to pension fund, December
Benefit payments to retirees, December
Required:
Determine pension expense for
Prepare the journal entries to record a pension expense, b gains and losses if anyc funding, and d retiree benefits for
Complete this question by entering your answers in the tabs below.
Required
Determine pension expense for
Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands rounded to decimal
place ie should be entered as
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