Teal Inc is a publicly traded company that follows IFRS During 2020 changes to life expectancy and disability led to a decrease in actuarial assumptions of $27,800. The discount rate for 2020 was 3%, while the actual return on plan assets was 4%. On December 31, 2020. Teal's employees were granted a 59.100 increase in past service benefits. Teal's accountant began working on the pension worksheet, however she has become very ill and you have been asked to complete the worksheet for her Following is the partial pension worksheet for Teal Corporation: Complete the pension worksheet and indicate the amount of the pension liability or asset to appear on Teal's statement of financial position G Remeasurement Gain/Loss (OCI) Annual Pension Expense Balance, January 1, 2020 > 85,400 Dr Current Service Cost Past Service Cost Net Interest/Finance Cost Asset Remeasurement Gain/Loss Actuarial Gain/Loss Employer Contributions to Pension Fund Employee Contributions to Pension Fund Benefits Paid to Retirees from Pension Fund Pension Expense Entry-2020 Net Funding Entry Balance, December 31, 2020 > Save for Later Attempts: 0 of 3 used Submit Answer Current Attempt in Progress Teal Inc is a publicly traded company that follows IFRS. During 2020, changes to life expectancy and disability led to a decrease in actuarial assumptions of $27,800. The discount rate for 2020 was 3%, while the actual return on plan assets was 4% On December 31, 2020, Teal's employees were granted a $9.100 Increase in past service benefits. Teal's accountant began working on the pension worksheet, however she has become very ill and you have been asked to complete the worksheet for her Following is the partial pension worksheet for Teal Corporation: Complete the pension worksheet and indicate the amount of the pension liability or asset to appear on Teal's statement of financial position General Journal Entries Annual Pension Expense Net Defined Liability Asset Cash 222.000 CF V > 85.400 Dr > > > > > 27,800 CE > > 85 400 GA > > > > Seve for Later Attempts of 3 used Submit Answer Teal Inc is a publicly traded company that follows IFRS During 2020 changes to life expectancy and disability led to a decrease in actuarial assumptions of $27,800. The discount rate for 2020 was 3%, while the actual return on plan assets was 4%. On December 31, 2020. Teal's employees were granted a 59.100 increase in past service benefits. Teal's accountant began working on the pension worksheet, however she has become very ill and you have been asked to complete the worksheet for her Following is the partial pension worksheet for Teal Corporation: Complete the pension worksheet and indicate the amount of the pension liability or asset to appear on Teal's statement of financial position G Remeasurement Gain/Loss (OCI) Annual Pension Expense Balance, January 1, 2020 > 85,400 Dr Current Service Cost Past Service Cost Net Interest/Finance Cost Asset Remeasurement Gain/Loss Actuarial Gain/Loss Employer Contributions to Pension Fund Employee Contributions to Pension Fund Benefits Paid to Retirees from Pension Fund Pension Expense Entry-2020 Net Funding Entry Balance, December 31, 2020 > Save for Later Attempts: 0 of 3 used Submit Answer Current Attempt in Progress Teal Inc is a publicly traded company that follows IFRS. During 2020, changes to life expectancy and disability led to a decrease in actuarial assumptions of $27,800. The discount rate for 2020 was 3%, while the actual return on plan assets was 4% On December 31, 2020, Teal's employees were granted a $9.100 Increase in past service benefits. Teal's accountant began working on the pension worksheet, however she has become very ill and you have been asked to complete the worksheet for her Following is the partial pension worksheet for Teal Corporation: Complete the pension worksheet and indicate the amount of the pension liability or asset to appear on Teal's statement of financial position General Journal Entries Annual Pension Expense Net Defined Liability Asset Cash 222.000 CF V > 85.400 Dr > > > > > 27,800 CE > > 85 400 GA > > > > Seve for Later Attempts of 3 used Submit