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The following defined benefit pension data of Oriole Corp. apply to the year 2023 : The company applies ASPE and has made an accounting policy
The following defined benefit pension data of Oriole Corp. apply to the year 2023 : The company applies ASPE and has made an accounting policy choice to base its actuarial valuation of the DBO on the funding basis. Prepare a continuity schedule for the DBO for 2023. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45).) Prepare a continuity schedule for the plan assets for 2023. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45).) Calculate defined benefit expense for 2023. (Round answers to 0 decimal places, eg. 3,575.) Defined benefit expense $ Prepare the entry to record the expense. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter of for the amounts.) Calculate the balance of the net defined benefit liability/asset at December 31, 2023. Net defined benefit , December 31,2023 Identify the plan's surplus or deficit at December 31, 2023
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