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The following information is related to the Hedge Co. post-retirement (pension) benefits plan for 2011: Service Cost $168,000 Discount Rate 10% EPBO, January 1, 2011
The following information is related to the Hedge Co. post-retirement ("pension") benefits plan for 2011: Service Cost $168,000 Discount Rate 10% EPBO, January 1, 2011 820,000 APBO, January 1, 2011 640,000 Actual return on plan assets in 2011 22,400 Expected return on plan assets in 2011 29,000 Contributions (funding) 224,000 Instructions: (a)Compute the amount of post-retirement expense for 2011. (Show computations.) (b)Prepare the journal entry to record post-retirement expense and Hedge's contributions for 2011
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