Question
Ludell Corp. shows the following data- Projected benefit obligation 1/1/19- $100,000 Plan Assets 1/1/19- $100,000 Settlement rate - 10% Service Cost - $9,000 Contribution -
Ludell Corp. shows the following data-
Projected benefit obligation 1/1/19- $100,000
Plan Assets 1/1/19- $100,000
Settlement rate - 10% Service Cost - $9,000 Contribution - $8,000
Actual/expected returns-$10,000 Benefits paid-$7,000
PSC amortization-$2,000.
A. make the pension worksheet showing the journal entry for pension expense.
B. Show Year End balances in the pension accounts (Memo record and OCI accounts included
C. Indicate amounts to be reported on Balance sheet and Income statements
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Operations Management Processes And Supply Chains
Authors: Lee Krajewski, Naresh Malhotra, Larry Ritzman
13th Global Edition
129240986X, 978-1292409863
