(Basic Pension Worksheet) The following defined pension data of Rydell Corp. apply to the year 2010. For...
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(Basic Pension Worksheet) The following defined pension data of Rydell Corp. apply to the year 2010. For 2010, prepare a pension worksheet for Rydell Corp. that shows the journal entry for pension expense and the year-end balances in the related pension accounts.
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Projected benefit obligation, 1/1/10 (before amendment) Plan assets, 1/1/10 Pension liability On January 1, 2010, Rydell Corp., through plan amendment, grants prior service benefits having a present value of Settlement rate Service cost Contributions (funding) Actual (expected) return on plan assets Benefits paid to retirees Prior service cost amortization for 2010 $560,000 546,200 13,800 120,000 9% 58,000 65,000 52,280 40,000 17,000
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Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
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