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I want to answer an half an hour before and writ in a clear handwriting if possible On January 2020 Shell Company Provides the following
I want to answer an half an hour before and writ in a clear handwriting if possible
On January 2020 Shell Company Provides the following information related to its pension plan for the year 2020. Plant assets on 01 Jan 2020 $100,000 Defined benefit obligation, 01 Jan 2020 $100,000 Annual service cost is $9,000 Discount rate is 10% Annual funding contributions are $8,000 Benefits paid to retirees during the year are $7,000 Required: a) Prepare a pension worksheet. b) Journal entry Pension for Shell Company for the year endir December 31, 2020. (4 + 1 marks) Step by Step Solution
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