(Basic Pension Worksheet) The following facts apply to the pension plan of Boudreau Inc. for the year...
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(Basic Pension Worksheet) The following facts apply to the pension plan of Boudreau Inc. for the year 2010. Using the preceding data, compute pension expense for the year 2010, as part of your solution, prepare a pension worksheet that shows the journal entry for pension expense for 2010 and the year-end balances in the related pension accounts.
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Plan assets, January 1, 2010 Projected benefit obligation, January 1, 2010 Settlement rate Service cost Contributions (funding) Actual and expected return on plan assets Benefits paid to retirees $490,000 490,000 8% 40,000 25,000 49.700 33,400
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Items Balance January 1 2010 Service cost Interest cost Actual return ...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
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