FVPA, 12/31 Surplus, 12/31 Contributions - May 1 Benefit payments - June 30 Settlement loss 40,000...
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FVPA, 12/31 Surplus, 12/31 Contributions - May 1 Benefit payments - June 30 Settlement loss 40,000 Current service cost Actuarial gain Difference between return on plan assets and interest income-gain 5,000 Asset ceiling: 1/1 12/31 Discount rate 2,300,000 400,000 200,000 500,000 150,000 20,000 200,000 300,000 12% Determine the following: 1. Net Defined Benefit Cost 2. Reconstruct T accounts for FVPA and PVDBO 3. Reconciliation / Proof FVPA, 12/31 Surplus, 12/31 Contributions - May 1 Benefit payments - June 30 Settlement loss 40,000 Current service cost Actuarial gain Difference between return on plan assets and interest income-gain 5,000 Asset ceiling: 1/1 12/31 Discount rate 2,300,000 400,000 200,000 500,000 150,000 20,000 200,000 300,000 12% Determine the following: 1. Net Defined Benefit Cost 2. Reconstruct T accounts for FVPA and PVDBO 3. Reconciliation / Proof
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Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
Posted Date:
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