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In this problem, the ending balance of the Projected Benefit Obligation is Loss. Do not enter commas or dollar signs. Dusty Delicious Inc. provides the

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In this problem, the ending balance of the Projected Benefit Obligation is Loss. Do not enter commas or dollar signs. Dusty Delicious Inc. provides the following pension information: Accumulated Benefit Obligation, 1 January balance 2,800,000 Actual return on plan assets 175,000 Amization of PSC 5,000 Benefits paid to Retirees 120,000 Contributions 147,000 Expected Return on plan assets 6% Fair Value of Plan Assets, 1 January balance 2,500,000 Projected Benefit Obligation, 1 January balance 3,500,000 Projected Benefit Obligation, 31 December balance 3,865,000 Service Cost 245,000 Settlement rate 8% Using the above information, answer the following questions: Service Cost Settlement rate 3,865,000 245,000 8% Using the above information, answer the following questions: 1. How much are interest Costs? Enter positive amounts only. 2. How much is the Expected Return on Plan Assets ? Enter positive amounts only. 3. Compute pension expense for Dusty Delicious Inc. Enter positive amounts only. 4. Moving onto the Pension Liability, identify the AMOUNT of the Liability gain or loss. Enter positive amounts 5. Identify whether the above amount is a Liability GAIN or LOSS. Enter either GAIN or LOSS 6. Moving onto the Plan Assets, identify the AMOUNT of the Asset gain or loss. Enter positive amounts only. 7. Identify whether the above amount is an Asset GAIN or LOSS. Enter either GAIN or LOSS. 8. Identify the ending balance of the Plan Assets. Enter positive amounts only. 9. Compute the Pension Asset/Liability AMOUNT that will be reported on the balance sheet. Enter positive a 10. Identify whether the above amount is a Pension Asset or a Pension Liability. Enter either ASSET or LIABI 11. Compute the amount of OCI-G/L that will be recorded. Enter positive amounts only. 12. Identify whether the above amount will be recorded as a DEBIT or CREDIT. Enter either DEBIT or CRED Click Submit to complete this assessment In this problem, the ending balance of the Projected Benefit Obligation is Loss. Do not enter commas or dollar signs. Dusty Delicious Inc. provides the following pension information: Accumulated Benefit Obligation, 1 January balance 2,800,000 Actual return on plan assets 175,000 Amization of PSC 5,000 Benefits paid to Retirees 120,000 Contributions 147,000 Expected Return on plan assets 6% Fair Value of Plan Assets, 1 January balance 2,500,000 Projected Benefit Obligation, 1 January balance 3,500,000 Projected Benefit Obligation, 31 December balance 3,865,000 Service Cost 245,000 Settlement rate 8% Using the above information, answer the following questions: Service Cost Settlement rate 3,865,000 245,000 8% Using the above information, answer the following questions: 1. How much are interest Costs? Enter positive amounts only. 2. How much is the Expected Return on Plan Assets ? Enter positive amounts only. 3. Compute pension expense for Dusty Delicious Inc. Enter positive amounts only. 4. Moving onto the Pension Liability, identify the AMOUNT of the Liability gain or loss. Enter positive amounts 5. Identify whether the above amount is a Liability GAIN or LOSS. Enter either GAIN or LOSS 6. Moving onto the Plan Assets, identify the AMOUNT of the Asset gain or loss. Enter positive amounts only. 7. Identify whether the above amount is an Asset GAIN or LOSS. Enter either GAIN or LOSS. 8. Identify the ending balance of the Plan Assets. Enter positive amounts only. 9. Compute the Pension Asset/Liability AMOUNT that will be reported on the balance sheet. Enter positive a 10. Identify whether the above amount is a Pension Asset or a Pension Liability. Enter either ASSET or LIABI 11. Compute the amount of OCI-G/L that will be recorded. Enter positive amounts only. 12. Identify whether the above amount will be recorded as a DEBIT or CREDIT. Enter either DEBIT or CRED Click Submit to complete this assessment

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