QUESTION 3 (Computation of Pension Expense, Amortization of Not Gain or Lose Corridor Approach, Journal Entre for 3 years at Tote Companyies de pension plan for its 50 employees on January 1, 2017 The insurance company which administers the pension plan provided the following acted form for the years 2017, 2016, and 2010 For Year Ended December 2017 2018 2010 Plan anses (fair value) 350.000 3 000 000 Accumulated benefit obligation 45 000 165.000 20 000 Projected benefit obligation 60.000 200.000 204.000 Not (guin) loss (for purposes of corridor calculation) 78.400 1033 Employer's funding contribution (made at end of year) 10.000 60.000.000 There were no balances as of January 1, 2017, when the plan was invited. The actual and expected retum one was 10 the periodu settlement rate used to discount the companys pension obligation was 13% in 2017, 11% in 2011, and in 2019. The service cont componente expense mounted to the following: 2017. 500,000, 2016. 585.000, and 2019, 5110.000. The average remaining service from 12 years bere paid in 2017. $30,000 of benefits were paid in 2018, and 518.600 of benefits were paid in 2010 al benefits and stand of year Instructions (Round to the nearest doftar) (a) Calculate the amount of not periodic pension expense that the company would recognize in 2017, 2018, and 2018 (b) Prepare the journal entries to record net peritide pension expense, employer's tanding contribution, and related person to for the yews 2017 2018 2018 Altach Fide Browse Local Browse Cancer QUESTION 3 (Computation of Pension Expense, Amortization of Not Gain or Lose Corridor Approach, Journal Entre for 3 years at Tote Companyies de pension plan for its 50 employees on January 1, 2017 The insurance company which administers the pension plan provided the following acted form for the years 2017, 2016, and 2010 For Year Ended December 2017 2018 2010 Plan anses (fair value) 350.000 3 000 000 Accumulated benefit obligation 45 000 165.000 20 000 Projected benefit obligation 60.000 200.000 204.000 Not (guin) loss (for purposes of corridor calculation) 78.400 1033 Employer's funding contribution (made at end of year) 10.000 60.000.000 There were no balances as of January 1, 2017, when the plan was invited. The actual and expected retum one was 10 the periodu settlement rate used to discount the companys pension obligation was 13% in 2017, 11% in 2011, and in 2019. The service cont componente expense mounted to the following: 2017. 500,000, 2016. 585.000, and 2019, 5110.000. The average remaining service from 12 years bere paid in 2017. $30,000 of benefits were paid in 2018, and 518.600 of benefits were paid in 2010 al benefits and stand of year Instructions (Round to the nearest doftar) (a) Calculate the amount of not periodic pension expense that the company would recognize in 2017, 2018, and 2018 (b) Prepare the journal entries to record net peritide pension expense, employer's tanding contribution, and related person to for the yews 2017 2018 2018 Altach Fide Browse Local Browse Cancer
