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help with pension worksheet thank you at at Destion Pension Worksheet Question (20 points) On January 1, 2017, Zarle Company provides the following information related
help with pension worksheet thank you
at at Destion Pension Worksheet Question (20 points) On January 1, 2017, Zarle Company provides the following information related to its pension plan for the year 2017. Prepare the pension worksheet for 2017 and journal entry to report the pension expense, pension asset/liability Plan assets, January 1, 2017, are $150,000. Projected benefit obligation January 1, 2017, is $175,000 On January 1, 2017, the company, through new plan amendment, grants prior service benefits having a present value of $50,000. Annual service cost is $9,000. Settlement rate is 10 percent Actual (& expected) return on plan assets is $10,000. Amortization of prior service costs for 2017 is $10,000 Funding contributions are 58,000. Benefits paid to retirees during the year are 57,000 You can use the "BLANK_WS" file. Please attach your worksheet and journal entry 7 A . EE 61 at at Destion Pension Worksheet Question (20 points) On January 1, 2017, Zarle Company provides the following information related to its pension plan for the year 2017. Prepare the pension worksheet for 2017 and journal entry to report the pension expense, pension asset/liability Plan assets, January 1, 2017, are $150,000. Projected benefit obligation January 1, 2017, is $175,000 On January 1, 2017, the company, through new plan amendment, grants prior service benefits having a present value of $50,000. Annual service cost is $9,000. Settlement rate is 10 percent Actual (& expected) return on plan assets is $10,000. Amortization of prior service costs for 2017 is $10,000 Funding contributions are 58,000. Benefits paid to retirees during the year are 57,000 You can use the "BLANK_WS" file. Please attach your worksheet and journal entry 7 A . EE 61Step by Step Solution
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