Requirement: A. Help with making a schedule which identifies the changes in the PBO and Plan Asset
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Question:
A. Help with making a schedule which identifies the changes in the PBO and Plan Asset account balances and the funded status for 20X1, 20X2 and 20X3.
B. Now assume that the actual return on plan assets in 20X2 was $6,230 higher than the projected return an actuarial adjustment increased the PBO by $32, 580. Calculate pension expense for 20X2 and 20X3. If pension expense is unchanged in 20X2 and/or 20X3 from the amounts determined in item "1", explain why.
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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