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Exercise 1 7 - 1 1 ( Algo ) Components of pension expense; journal entries [ LO 1 7 - 6 , 1 7 -
Exercise Algo Components of pension expense; journal entries LO Pension data for Barry Financial Services Incorporated include the following: Discount rate, 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 $ in thousands 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. Prepare the journal entries to record a pension expense, b gains and losses if anyc funding, and d retiree benefits for Note: If no entry is required for a transactionevent select No journal entry required" in the first account field. Enter your answers in thousands rounded to decimal place ie should be entered as
Exercise Algo Components of pension expense; journal entries LO
Pension data for Barry Financial Services Incorporated include the following:
Discount rate,
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
$ in thousands
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.
Prepare the journal entries to record a pension expense, b gains and losses if anyc funding, and d retiree benefits for
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field. Enter your answers in
thousands rounded to decimal place ie should be entered as
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