Question
The following defined pension data of Bridgewater, Inc. Corp. apply to the year 2022. Projected benefit obligation, 1/1/22 Plan assets, 1/1/22 Previous Prior service
The following defined pension data of Bridgewater, Inc. Corp. apply to the year 2022. Projected benefit obligation, 1/1/22 Plan assets, 1/1/22 Previous Prior service costs, (Balance carry forward @ 1/1/22) Settlement rate Expected rate Service cost Contributions (funding) Actual (expected) return on plan assets Benefits paid to retirees Prior service cost amortization for 2022 $9,750,000 9,200,000 800,000 10% 9% 910,000 1,020,000 880,000 560,000 285,000 Instructions: For 2022, prepare a pension work sheet for Bridgewater, Inc. that shows the journal entry for pension expense.
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Intermediate Accounting Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
12th Canadian Edition
1119497043, 978-1119497042
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