On January 1, 2017, indigo rnCompany has the following defined benefit pension plan balances. The interest (settlement)
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Question:
On January 1, 2017, indigo rnCompany has the following defined benefit pension plan balances.
The interest (settlement) rate applicable to the plan is 10%. On January 1, 2018, the company amends its pension agreement so that prior service costs of $501,000 are created. Other data related to the pension plan are as follows.
Prepare a pension worksheet for the pension plan for 2017 and 2018. (Enter all amounts as positive.)
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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