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QUESTION 1: Angel Investigations Inc. adopts acceptable accounting standards (FAS 158) for its defined benefit plan on 1/1/10. The initial balances in plan assets and

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QUESTION 1: Angel Investigations Inc. adopts acceptable accounting standards (FAS 158) for its defined benefit plan on 1/1/10. The initial balances in plan assets and projected benefit obligation, as well as other data relating to the subsequent 2 years of the plan operations are as follows: 1) Prepare a pension worksheet showing all pension activities and balances for 2010 and 2011 . Provide all journal entries for the pension worksheet. 2) Prepare the formal journal entries (from the worksheet) to reflect all pension plan transactions and events on the company's financial statements for 2010 and 2011

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