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undefined Question 5 of 7 -/10 View Policies Current Attempt in Progress The following defined pension data of Splish Corp. apply to the year 2020.
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Question 5 of 7 -/10 View Policies Current Attempt in Progress The following defined pension data of Splish Corp. apply to the year 2020. Projected benefit obligation, 1/1/20 (before amendment) $538,000 Plan assets, 1/1/20 525.000 Pension liability 13,000 On January 1, 2020. Splish Corp.. through plan amendment, grants prior service benefits having a present value of 119,000 Settlement rate Service cost 62.100 Contributions (funding) 67.100 Actual (expected) return on plan assets 52.100 Benefits paid to retirees 42.000 Prior service cost amortization for 2020 18,600 For 2020. prepare a pension worksheet for Splish Corp. that shows the journal entry for pension expense and the year-end balances in the related pension accounts. (Enter all amounts as positive.) Annual Pension Expense Items Cash $ > $ > > > > > $ $Step by Step Solution
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