From the following information for each of three independent cases, prepare the pension note disclosure that outlines
Question:
From the following information for each of three independent cases, prepare the pension note disclosure that outlines the items that go into the computation of the net prepaid/ accrued pension cost reported in the balancesheet.
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(in thousands) Case 1 Case 2 Case 3 Projected benefit obligation Accumulated benefit obligation.. Fair value of the pension fund Market-related value of the pension fund Unrecognized net (gain) or loss from prior years (200) Unrecognized prior service cost Recorded additional liability Prepaid (accrued) pension cost $12.500 9,700 5,300 12,800 $6,290 4,100 4.200 5,000 (850) 2,300 $890 750 650 560 100 125 85 (15) 800 3.400 (640)
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in thousands Case 1 Case 2 Case 3 Projected benefit obligation 125...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 978-0324312140
16th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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