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Question 4 1 pts The Jackson Company has a defined benefit pension that has been in existence for some twenty years and properly accounted for
Question 4 1 pts The Jackson Company has a defined benefit pension that has been in existence for some twenty years and properly accounted for in accordance with current GAAP. Below is the bottom portion of the company's worksheet used to compute pension expense for the period ending December 31, 2015 and reflect the December 31, 2015 account balances following the 2015 pension journal entry JACKSON COMPANY Pension Worksheet-2015 General Journal Entries OCPrilor Service OCI- Cash Cost Gain/Loss Annual Pension Expense Memo Record Projected Pension Benefit Plan Assed Liability, Obligation Assets Assume this part of worksheet correctly prepared. Journal entry for 2015 Balance Dec 31, 2014 Balance, Dec 31, 2015 092370 DO 2000 C 41,600 Cr. 14.070 Cr. 105.6OO Dr. 2.000 Dr 64.000 Dr. 120770C. 14,300 Dr. 217700 C43C1330000 205X100 CP 520.000 16.00 DE Where will the Plan Assets - 316,600 be reported in the company's December 31, 2015 financial statements? Be specific in your answer. BI U A- A - I E3E TTT 12pt Paragraph Question 4 1 pts The Jackson Company has a defined benefit pension that has been in existence for some twenty years and properly accounted for in accordance with current GAAP. Below is the bottom portion of the company's worksheet used to compute pension expense for the period ending December 31, 2015 and reflect the December 31, 2015 account balances following the 2015 pension journal entry JACKSON COMPANY Pension Worksheet-2015 General Journal Entries OCPrilor Service OCI- Cash Cost Gain/Loss Annual Pension Expense Memo Record Projected Pension Benefit Plan Assed Liability, Obligation Assets Assume this part of worksheet correctly prepared. Journal entry for 2015 Balance Dec 31, 2014 Balance, Dec 31, 2015 092370 DO 2000 C 41,600 Cr. 14.070 Cr. 105.6OO Dr. 2.000 Dr 64.000 Dr. 120770C. 14,300 Dr. 217700 C43C1330000 205X100 CP 520.000 16.00 DE Where will the Plan Assets - 316,600 be reported in the company's December 31, 2015 financial statements? Be specific in your answer. BI U A- A - I E3E TTT 12pt Paragraph
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