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Oriole Corporation provides the following information about its defined benefit pension plan for the year 2020: Current service cost Contribution to the plan Past service
Oriole Corporation provides the following information about its defined benefit pension plan for the year 2020: Current service cost Contribution to the plan Past service cost, effective December 31, 2020 Actual return on plan assets Benefits paid Net defined benefit liability at January 1, 2020 Plan assets at January 1, 2020 Defined benefit obligation at January 1, 2020 Interest/discount rate on the DBO and plan assets $226,600 264,100 26,600 160,000 116,000 401,600 1,600,000 2,001,600 10% Oriole follows IFRS. Prepare a continuity schedule for 2020 for the defined benefit obligation. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Oriole Corporation Continuity Schedule 2020 Defined Benefit Obligation, 1/1/20 $ Current Service Cost Interest Cost ta e Textbook and Media Prepare a continuity schedule for 2020 for the plan assets. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Oriole Corporation Continuity Schedule 2020 $ $ eTextbook and Media Calculate pension expense for the year 2020. Pension expense $ eTextbook and Media Prepare all pension journal entries recorded by Oriole in 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Date December 31, 2020 (To record pension expense) December 31, 2020 (To record contributions paid) eTextbook and Media What pension amount will appear on Oriole's SFP at December 31, 2020? Pension $ eTextbook and Media
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