Gordon Company sponsors a defined benefit pension plan. The following information related to the pension plan is

Question:

Gordon Company sponsors a defined benefit pension plan. The following information related to the pension plan is available for 2012 and 2013.

           

Instructions
  (a) Compute pension expense for 2012 and 2013.
  (b) Prepare the journal entries to record the pension expense and the company’s funding of the pension plan for both years.

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Related Book For  book-img-for-question

Intermediate Accounting

ISBN: 978-0470587287

14th Edition

Authors: kieso, weygandt and warfield.

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