Return to the facts of A19-22. Assume instead that this pension plan is sponsored by a private company and ASPE applies.

Data From A19-22

Solutions Ltd. sponsors a defined benefit pension plan for its employees. At the beginning of 20X3, there is an accrued SFP pension liability of $152,800, as follows:

Required:
Prepare a spreadsheet containing all relevant pension information for 20X3  and 20X4.

Transcribed Image Text:

Defined benefit obligation Plan assets (fair value) Net defined benefit liability $(509,100) 356,300 $(152,800)