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Problem #3: Pension Expense The following information is available for the pension plan of the Golden Rams Corporation for the year 2019. S 90,000 350,000
Problem #3: Pension Expense The following information is available for the pension plan of the Golden Rams Corporation for the year 2019. S 90,000 350,000 60,000 2,400,000 2,700,000 2,000,000 370,000 410,000 Actual and expected return on plan assets Benefits paid to retirees Prior service cost amortization Fair value of plan assets, January 1, 2019 Projected benefit obligation, January 1, 2019. Accumulated benefit obligation, January 1, 2019 Contributions to the plan Service cost Gains/Losses. Settlement rate 10% A. Compute pension expense for the year 2019. B. Prepare the journal entry to record pension expense and the employer's contribution to the pension plan for 2019
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