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Prepare a pension worksheet for Tamarisk Corporation for 2020. Memo Record Net Defined Liability/ Asset Defined Benefit Obligation Plan Assets 2 + Prepare pension plan
Prepare a pension worksheet for Tamarisk Corporation for 2020. Memo Record Net Defined Liability/ Asset Defined Benefit Obligation Plan Assets 2 + Prepare pension plan journal entries for Tamarisk Corporation for 2020. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit (To record pension expense) (To record payment to the pension fund) e Textbook and Media List of Accounts What is the funded status for Tamarisk Corporation at December 31, 2020? Tamarisk pension plan is 4 by $ on December 31, 2020. Tamarisk Corporation is a publicly traded company and follows IFRS. On December 31, 2019, Tamarisk's financial records indicated the following information related to the company's defined benefit pension plan: Defined Benefit Obligation Pension Plan Assets $1,370,000 1,480,000 Tamarisk Corporation's actuary provided the following information on December 31, 2020: Current year service cost Prior service cost, granted Jan 1, 2020 Employer contributions for the year Benefits paid to retirees Expected return on assets Actual return on assets Discount rate $94,000 175,000 90,000 26,000 5% 6% 5% Prepare a pension worksheet for Tamarisk Corporation for 2020. GE Remeasurement Gain/Loss (OCI) Annual Pension Expense Balance, January 1, 2020 Current Service Cost Past Service Cost Net Interest/Finance Cost Asset Remeasurement Gain/Loss Employee/er Contributions to Pension Fund Benefits Paid to Retirees from Pension Fund Pension Expense Entry - 2020 Net Funding Entry Balance, December 31, 2020 e Textbook and Media List of Accounts Prepare a pension worksheet for Tamarisk Corporation for 2020. urnal Entries Memo Net Defined Liability/ Asset Defined Benefit Obligation Cash 4 4 4
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