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Please help fill out the pension work sheet for 2020. Complete! Please help fill out in correct order. Thanks! Blossom Corporation reports the following January
Please help fill out the pension work sheet for 2020. Complete!
Please help fill out in correct order. Thanks!
Blossom Corporation reports the following January 1,2020 balances for its defined benefit pension plan, which it accounts for under IFRS: plan assets, $420,000; defined benefit obligation, $420,000. Other data relating to three years of operation of the plan are as follows: Prepare and complete a pension work sheet for 2020. Prepare a continuity schedule of the projected defined benefit obligation over the three-year period. (Enter negative amounts using either a negative sign preceding the number eg. 45 or parentheses eg. (45).) Prepare a continuity schedule of the plan assets over the three-year period. (Enter negative amounts using either a negative sign preceding the number e.g. 45 or parentheses e.g. (45).) ? Prenare the inu umal entries to roflort the nonsinn nlan tranaartinns and events for parh voar ICredit arrount fitles are automatically Prepare a schedule reconciling the pension plan's surplus or deficit with the pension amounts reported on the SFP over the threeyear period. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses e.g. (45).) Blossom Corporation Reconciliation Schedule 2021 $ $ Determine the pension expense for each of 2020.2021, and 2022 assuming that the compamy applies ASPE. Pension expense, 2020 Pension expense, 2021Step by Step Solution
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