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Required: 1. What was the January 1,201, fair value of the plan assets? 2. What is the expected dollar return on plan assets for 20X1?
Required: 1. What was the January 1,201, fair value of the plan assets? 2. What is the expected dollar return on plan assets for 20X1? 3. What amount of pension expense should George report for the year ended December 31, 20X1? 4. What was the dollar amount of loss (gain) on plan assets that was recognized in OCl during 20X1? 5. Prepare the journal entries to record pension expense, the contribution, and the OCl effects
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