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Urban Life Ltd . sponsors a defined benefit pension plan for its employees. It is now the 2 0 9 fiscal year. An appropriate interest
Urban Life Ltd sponsors a defined benefit pension plan for its employees. It is now the fiscal year. An appropriate interest rate
for longterm debt is Information with respect to the plan is as follows:
Requlred:
Calculate the SFP net defined benefit pension liability as of December
Calculate the net defined benefit pension liability as of December by calculating the defined benefit obligation and the fair
value of plan assets at December
Analyze the three elements of pension accounting for : service cost, net interest, and remeasurements. Prepare entries, and
also an entry for the contribution to the fund during XIf no entry ls requlred for a transoctlonevent select No journal entry
requlred" In the flrst account fleld.
View journal entry worksheet
a Calculate the SFP net defined benefit pension liability as of December reflecting requirement and the entries in
requirement
Just fill in the blank spaces from the image provided
THANKS!
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