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(Pension Expense, Journal Entries, Statement Presentation) Ferreri Company received the following selected information from its pension plan trustee concerning the operation of the company's defined
(Pension Expense, Journal Entries, Statement Presentation) Ferreri Company received the following selected information from its pension plan trustee concerning the operation of the company's defined benefit pension plan for the year ended December 31, 2012. the service cost component of pension expense for employee services rendered in the current year amounted to 581, 400 and the amortization of prior service cost was 5120, 000. the company's actual funding (contributions) of the plan in 2012 amounted to S317. 300. the expected return on plan assets and the actual rate were both 10%; the interest/discount (settlement) rate was 10%. Accumulated other comprehensive income (PSC) had a balance of SI, 200, 000 on January 1, 2012. Assume no benefits paid in 2012. Determine the amount of the components of pension expense that should be recognized by the company in 2012. Prepare the journal entries to record pension expense and the employer's contribution to the pension plan in 2012. (List multiple debit/credit entries from largest to smallest amount, e. g. 10, 5, 2. ) (Pension Expense, Journal Entries, Statement Presentation) Ferreri Company received the following selected information from its pension plan trustee concerning the operation of the company's defined benefit pension plan for the year ended December 31, 2012. the service cost component of pension expense for employee services rendered in the current year amounted to 581, 400 and the amortization of prior service cost was 5120, 000. the company's actual funding (contributions) of the plan in 2012 amounted to S317. 300. the expected return on plan assets and the actual rate were both 10%; the interest/discount (settlement) rate was 10%. Accumulated other comprehensive income (PSC) had a balance of SI, 200, 000 on January 1, 2012. Assume no benefits paid in 2012. Determine the amount of the components of pension expense that should be recognized by the company in 2012. Prepare the journal entries to record pension expense and the employer's contribution to the pension plan in 2012. (List multiple debit/credit entries from largest to smallest amount, e. g. 10, 5, 2. )
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