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I have the titles right but have no idea about the amounts. I am unsure where I went wrong. CH 17 - Homework Pensions i
I have the titles right but have no idea about the amounts. I am unsure where I went wrong.
CH 17 - Homework Pensions i Help Save & Exit Submit Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 6 Pension data for Sterling Properties include the following: 2.85 points Service coat, 2021 Projected benefit obligation, January 1, 2021 21en assets (fair value), January 1, 2021 Prior service cost-LOCI (2021 amortization, $8) Het losa-AOCI (2021 anortization, $1) Interest rate, 95 Expected return on plan desets, 13% Actual return or plan assets, 146 ($ in thousands $132 400 500 94 115 Required: Determine pension expense for 2021. (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.) Answer is complete but not entirely correct. Pension Expense Service cost Interest cost Expected return on pian assets Amortization af prior service cast Amortization of net loss $ $ 132,000 36,000 X (65,000) 8,000 K 1,000 Pension expense $ 112,000Step by Step Solution
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