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The following defined pension data of Oriole Corp, apply to the year 2020 Projected benefit obligation, 1/1/20 (before amendment) $545.000 Pinnassets, 1/1/20 531.200 13,800 Pension
The following defined pension data of Oriole Corp, apply to the year 2020 Projected benefit obligation, 1/1/20 (before amendment) $545.000 Pinnassets, 1/1/20 531.200 13,800 Pension liability On January 1, 2020, Oriole Corp., through plan amendment, grants prior service benefits having a present value of Settlement rate 119,000 8 Service cost 63,800 Contributions (funding 60.000 Actual expected return on plan assets 52.000 Benefits paid to retirees 38.200 Prior service cost amortization for 2020 16:400 For 2020, prepare a pension worksheet for Oriol Corp. that shows the journal entry for pension expertise and the year and balance in tendal Items Annual Pension Expense Cash Balance, Dec 31, 2019 $ Prior service cost Balance, Jan 1, 2020 Service cost Interest cost . Actual return > Amortization of PSC 3 Contributions Benefits Interest cost Actual return Amortization of PSC
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