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George Corporation has a defined benefit pension plan for its employees. The following information is available for 201 : Required: 1. What was the January
George Corporation has a defined benefit pension plan for its employees. The following information is available for 201 : Required: 1. What was the January 1,201, fair value of the plan assets? 2. What is the expected dollar return on plan assets for 201 ? 3. What amount of pension expense should George report for the year ended December 31, 20X1? 4. What was the dollar amount of loss (gain) on plan assets that was recognized in OCl during 201 ? 5. Prepare the journal entries to record pension expense, the contribution, and the OCl effects. Complete this question by entering your answers in the tabs below. 1. What was the January 1,201, fair value of the plan assets? 2. What is the expected dollar return on plan assets for 201 ? 3. What amount of pension expense should George report for the year ended December 31, 20X1? 4. What was the dollar amount of loss (gain) on plan assets that was recognized in OCI during 201
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