Lemke Company sponsors a defined benefit pension plan for its employees. The following data relate to the

Question:

Lemke Company sponsors a defined benefit pension plan for its employees. The following data relate to the operation of the plan for the years 2012 and 2013.

            

Instructions
  (a) Prepare a pension worksheet presenting both years 2012 and 2013 and accompanying computations and amortization of the loss (2013) 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) For 2013, indicate the pension amounts reported in the financial statements.

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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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