Question: Please prepare a continuity schedule for the plan assets and not the the defined benefit obligation.over the three-year period. I'm submitting this question for the

Please prepare a continuity schedule for the plan assets and not the the defined benefit obligation.over the three-year period. I'm submitting this question for the 3rd time and every time I get the same wrong answer for the continuity schedule for the defined benefit obligation.

Please prepare a continuity schedule for the plan

Please prepare a continuity schedule for the plan

Please prepare a continuity schedule for the plan assets and not the

Sheridan Corporation initiated a defined benefit pension plan for its 50 employees on January 1, 2020. The insurance company that administers the pension plan provides the following information for the years 2020, 2021, and 2022: For Year Ended December 31 2020 2021 2022 Plan assets (fair value) $52,000 $86,000 $169,000 Defined benefit obligation 63,900 ? ? Net actuarial (gain) loss: DBO 8,900 (24,500) 84,500 Remeasurement (gain) loss: fund assets ? ? (15,120) Employer's funding contribution (made at end of year) 52,000 60,000 95,000 There were no balances as at January 1, 2020, when the plan was initiated, because no credit was given for past service. The rate used to discount the company's pension obligation was 13% in 2020, 11% in 2021, and 8% in 2022. The service cost component of net periodic pension expense amounted to the following: 2020, $55,000; 2021, $86,000; and 2022, $120,000. No benefits were paid in 2020, but $31,000 was paid in 2021, and $34,000 in 2022. (All benefits were paid and all actuarial gains and losses were determined at the end of the year.) The company applies IFRS. Prepare a continuity schedule for the plan assets over the three-year period. (Round answers to decimal places, e.g. 5,275. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45). Do not leave any answer field blank. Enter Ofor amounts.) Sheridan Corporation Continuity Schedule of Plan Assets 2020 2021 2022 $ $ $ C $ $ $ $ 2020 2021 2022 $63.900 | 102429 Answer Oride Corporation continuity schedule of Defined Benefit obligation Defined benefit obligation at begiming of year $ 55000 $86.000 $120,000 Interest cost 7029 Benefits paid out $(31,000) $31.000 Net iactuarial loss cgain) $ 8,900 Qu500) $ 84,000 Defined benifit obligation at end of year $ Current service cost 1 8114 63.900 $ 101429 283043 Interest cost- 63.900 x 11% = 7029 101429 487.2 .8114 1 Calculate the amount of net periodic pension expense that the company will recognize in each of 2020, 2021, and 2022. (Round answers to 0 decimal places, e.g. 5,275.) $ Pension expense, 2020 Pension expense, 2021 LA $ Pension expense, 2022 $ $ Sheridan Corporation initiated a defined benefit pension plan for its 50 employees on January 1, 2020. The insurance company that administers the pension plan provides the following information for the years 2020, 2021, and 2022: For Year Ended December 31 2020 2021 2022 Plan assets (fair value) $52,000 $86,000 $169,000 Defined benefit obligation 63,900 ? ? Net actuarial (gain) loss: DBO 8,900 (24,500) 84,500 Remeasurement (gain) loss: fund assets ? ? (15,120) Employer's funding contribution (made at end of year) 52,000 60,000 95,000 There were no balances as at January 1, 2020, when the plan was initiated, because no credit was given for past service. The rate used to discount the company's pension obligation was 13% in 2020, 11% in 2021, and 8% in 2022. The service cost component of net periodic pension expense amounted to the following: 2020, $55,000; 2021, $86,000; and 2022, $120,000. No benefits were paid in 2020, but $31,000 was paid in 2021, and $34,000 in 2022. (All benefits were paid and all actuarial gains and losses were determined at the end of the year.) The company applies IFRS. Prepare a continuity schedule for the plan assets over the three-year period. (Round answers to decimal places, e.g. 5,275. Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses eg. (45). Do not leave any answer field blank. Enter Ofor amounts.) Sheridan Corporation Continuity Schedule of Plan Assets 2020 2021 2022 $ $ $ C $ $ $ $ 2020 2021 2022 $63.900 | 102429 Answer Oride Corporation continuity schedule of Defined Benefit obligation Defined benefit obligation at begiming of year $ 55000 $86.000 $120,000 Interest cost 7029 Benefits paid out $(31,000) $31.000 Net iactuarial loss cgain) $ 8,900 Qu500) $ 84,000 Defined benifit obligation at end of year $ Current service cost 1 8114 63.900 $ 101429 283043 Interest cost- 63.900 x 11% = 7029 101429 487.2 .8114 1 Calculate the amount of net periodic pension expense that the company will recognize in each of 2020, 2021, and 2022. (Round answers to 0 decimal places, e.g. 5,275.) $ Pension expense, 2020 Pension expense, 2021 LA $ Pension expense, 2022 $ $

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