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View Policies Current Attempt in Progress The following defined pension data of Whispering Corp.apply to the year 2020. $514,000 499,500 14,500 Projected benefit obligation, 1/1/20
View Policies Current Attempt in Progress The following defined pension data of Whispering Corp.apply to the year 2020. $514,000 499,500 14,500 Projected benefit obligation, 1/1/20 (before amendment) Plan assets, 1/1/20 Pension liability On January 1, 2020, Whispering Corp., through plan amendment, grants prior service benefits having a present value of Settlement rate Service cost Contributions (funding) Actual (expected) return on plan assets Benefits paid to retirees Prior service cost amortization for 2020 113,000 8 % 60,300 67,600 49,300 39.100 17,200 For 2020, prepare a pension worksheet for Whispering Corp. that shows the journal entry for pension expense and the year-end balances in the related pension accounts. (Enter all amounts as positive.) Question 12 of 13 -/8 Balance, Dec. 31, 2019 $ > $
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