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solve only numbers 10-14 and the very last one number 4 please and thanks Jim again. In 205 the benefit formula was changed so that
solve only numbers 10-14 and the very last one number 4 please and thanks
Jim again. In 205 the benefit formula was changed so that at the end of each year during retirement Jim will receive 4% of his final salary for each year of service. 2. The additional PSC is Make the journal entry to record the additional PSC OTHER COMPREHENSIVE INCOME - PSC PENSION ASSET/LIABILITY 3. The unamortized PSC now totals? 4. The service cost component for 205 is $ 9. Make the journal entry to record pension expense for 205. For simplicity, assume the amount funded each year is $12,000. PENSION EXPENSE PENSION ASSET/LIABILITY CASH 12.000 OTHER COMPREHENSIVE INCONE-PSC ACC 302 - Pensions - Class Actovity 7 Complete the exercise at home and tum in next class ponod for a grade Please show how you get your answers. Unsupported answers wit be marked wrong 10. The PBO at 12/31/5 is 11. The fund balance at 12/31/5 is 12. The funded status at 12/31/5 is 13. The Accumulated OCI- PSC balance on the books is The Accumulated OCI-PSC balance on the books is (Indicate where it is and whether the balance is a debit or credit) Show the T account 4. The Pension assetlliability balance on the books is (Indicate where it is and whether the balance is a debit or eredit) Show the T account What amount (s) will appear on the balance sheet? Jim again. In 205 the benefit formula was changed so that at the end of each year during retirement Jim will receive 4% of his final salary for each year of service. 2. The additional PSC is Make the journal entry to record the additional PSC OTHER COMPREHENSIVE INCOME - PSC PENSION ASSET/LIABILITY 3. The unamortized PSC now totals? 4. The service cost component for 205 is $ 9. Make the journal entry to record pension expense for 205. For simplicity, assume the amount funded each year is $12,000. PENSION EXPENSE PENSION ASSET/LIABILITY CASH 12.000 OTHER COMPREHENSIVE INCONE-PSC ACC 302 - Pensions - Class Actovity 7 Complete the exercise at home and tum in next class ponod for a grade Please show how you get your answers. Unsupported answers wit be marked wrong 10. The PBO at 12/31/5 is 11. The fund balance at 12/31/5 is 12. The funded status at 12/31/5 is 13. The Accumulated OCI- PSC balance on the books is The Accumulated OCI-PSC balance on the books is (Indicate where it is and whether the balance is a debit or credit) Show the T account 4. The Pension assetlliability balance on the books is (Indicate where it is and whether the balance is a debit or eredit) Show the T account What amount (s) will appear on the balance sheet Step by Step Solution
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