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I have tried 161,100 and 254,900 and 167,100 and (45400) and none of them are correct Exercise 20-09 (Part Level Submission) Sage Enterprises provides the
I have tried 161,100 and 254,900 and 167,100 and (45400) and none of them are correct
Exercise 20-09 (Part Level Submission) Sage Enterprises provides the following information relative to its defined benefit pension plan. $2,749,800 1,994,100 2,265,800 209,500 45,400 484,000 Balances or Values at December 31, 2020 Projected benefit obligation Accumulated benefit obligation Fair value of plan assets Accumulated OCI (PSC) Accumulated OCI-Net loss (1/1/20 balance, 0) Pension liability Other pension plan data for 2020: Service cost Prior service cost amortization Actual return on plan assets Expected return on plan assets Interest on January 1, 2020, projected benefit obligation Contributions to plan Benefits paid $93,300 42,400 131,100 176,500 255,200 92,400 140,700 (a) Your answer is correct. Prepare the note disclosing the components of pension expense for the year 2020. (Enter amounts that reduce pension expense with either a negative sign preceding the number e.g. -45 or parenthesis e.g. (45).) Components of Pension Expense Service Cost 93300 Interest Cost 255200 Prepare the note disclosing the components of pension expense for the year 2020. (Enter amounts that reduce pension expense with either a negative sign preceding the number e.g. -45 or parenthesis e.g. (45).) Components of Pension Expense Service Cost 93300 T Interest Cost 255200 T Expected Return on Plan Assets (176500) T Prior Service Cost Amortization 42400 T Pension Expense 214400 LINK TO TEXT Attempts: 1 of 5 used (b) Your answer is correct. Determine the amounts of other comprehensive income and comprehensive income for 2020. Net income for 2020 is $35,300. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Other comprehensive income (loss) (3000) Comprehensive income (loss) 32300 (c) x] Your answer is incorrect. Try again. Compute the amount of accumulated other comprehensive income reported at December 31, 2020. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Accumulated other comprehensive income (loss) 161100 LINK TO TEXTStep by Step Solution
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