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Sunland industries pension worksheet is given below. Items Sunland Industries Pension Worksheet General Journal Entries Memo Record Annual Pension Expense Pension Asset/ Projected Benefit Plan
Sunland industries pension worksheet is given below.
Items Sunland Industries Pension Worksheet General Journal Entries Memo Record Annual Pension Expense Pension Asset/ Projected Benefit Plan Cash Liability Obligation Assets $20000 dr $258000 cr $278000 dr Balance, Jan. 1, 2025 (a) Service Cost $61000 dr (b) Interest Cost 33000 dr 61000 cr 33000 cr (c) Actual Return 34000 cr 34000 dr (d) Contributions $48000 cr 48000 dr. (e) Benefits ?? dr ?? cr Journal Entry for 2025 $60000 dr $48000 cr 12000 cr Balance, Dec. 31, 2025 $8000 dr ?? $278000 What amount of benefits were paid during 2025?
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
