Urban Life Ltd$.$ sponsors a defined benefit pension plan for its employees. It is now the $209$ fiscal year. An appropriate interest rate

for long$-$term debt is $6\%.$ Information with respect to the plan is as follows:

Requlred:

Calculate the SFP net defined benefit pension liability as of $31$ December $208.$

Calculate the net defined benefit pension liability as of $31$ December $209$ by calculating the defined benefit obligation and the fair

value of plan assets at $31$ December $209.$

Analyze the three elements of pension accounting for $209$ : service cost, net interest, and remeasurements. Prepare entries, and

also an entry for the contribution to the fund during $20$X$9.($If no entry ls requlred for a transoctlon$/$event$,$ select $"$No journal entry

requlred" In the flrst account fleld.$)$

View journal entry worksheet

$4-$a$.$ Calculate the SFP net defined benefit pension liability as of $31$ December $209,$ reflecting requirement $1$ and the entries in

requirement $3.$

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THANKS!