Question

Glesen Company sponsors a defined benefit pension plan for its employees. The following data relate to the operation of the plan for the years 2010 and 2011.


Instructions
(a) Prepare a pension worksheet presenting both years 2010 and 2011 and accompanying computations (2010 and 2011) and amortization of the unrecognized loss (2011) using the corridor approach.
(b) Prepare the journal entries (from the worksheet) to reflect all pension plan transactions and events at December 31 of each year.
(c) At December 31, 2011, prepare a schedule reconciling the funded status of the pension plan with the pension amounts reported in the financialstatements.


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  • CreatedJune 17, 2013
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