Requires Respondus LockDown Browser + Webcam mination #1 21: Ques arks, 40 Minutes) pared by the House of Timujin and Subject to Copy Right Laws. Unauthorized Copying, Downloading, Distribution This Examin 2 or Transmission The Yuan Zha ny has a defined Benefit Pension Plan. At the end of the current reporting period, December 31, 20X1 and December 31, 20X2, the following was available: This Examination Has Been Prepared by the House of Timujin and Subject to Copy Right Laws. Unauthorized Copying, Downloading, Distribution or Transmission is Strictly Prohibited! Year Year liz Information Actuary's Report (Defined Benefit Obligations) 20X1 20X2 Beginning Defined Pension Obligation $ 5,200,000 Amendmend for Past Service Cost 01/01/X1 800,000 Interest Cost Current Service Cost 760,000 900,000 Benefits Paid to Retirees Ending Defined Pension Obligation $ $ Trustee's Report Year Year (Status of the Pension Fund Assets) 20X 20X2 Beginning Pension Fund Assets Expected Return on Pension Fund Asset Contribution 220,000 5,300,000 Benefits Paid to Retirees Unrealized Actuarial (Loss)/Gain 60,000) 62,000 Ending Pension Fund Asset $ 3,100,000 $ 8,372,000 This Examination Has Been Prepared by the House of Timujin and Subject to Copy Right Laws Unauthorized Copying, Downloading Distribution of Transmission is Strictly Prohibited! Other information and assu hp#2 - Requires Respondus LockDown Browser + Webcam xamination Been Prepared by the House of Timujin and Subject to Copy Right Laws. Unauthorized Copying, Downloading, Distribution Page 1: Prohibited! 2 2 Other im d assumptions: The discou. the expected rate of return are 10.0% The Actual Ra urn in 20X1 was 8.0% The Actual Rate of Return in 20X2 was 12.0% Required: Quiz Information This Examination Has Been Prepared by the House of Timujin and Subject to Copy Right Laws. Unauthorized Copying, Downloading, Distribution or Transmission is Strictly Prohibited! 1. Calculate the Pension Expense for the Yuan Zhang Corporation in 20X1 under ASPE. 2. Give the Employer's year end accounting entry to record the pension expense for the year December 31, 20X1 under ASPE. 3. Calculate the Pension. Expense for the Yuan Zhang Corporation in 20X2 under ASPE. 4. Give the Employer's year end accounting entry to record the pension expense for the year December 31, 20X2 under ASPE. 5. Calculate the Pension Expense for the Yuan Zhang Corporation in 20X1 under IFRS. 6. Give the Employer's year end accounting entry to record the pension expense for the year December 31, 20X1 under IFRS. 7. Calculate the Pension Expense for the Yuan Zhang Corporation in 20X2 under IFRS. 8. Give the Employer's year end accounting entry to record the pension expense for the year December 31, 20X2 IFRS. 9. Compute (calculate) the Funded Status as at December 31, 20X0 and the Net Defined Benefit Asset Liability. 10. Compute (calculate) the Funded Status as at December 31, 20X1 and the Net Defined Benefit Asset Liability. 11. Compute (calculate) the Funded Status as at December 31, 20X2 and the Net Defined Benefit Asset Liability. This Examination Has Been Prepared by the House of Timujin and Subject to Copy Right Laws. Unauthorized Copying, Downloading, Distribution of Transmission is Strictly Prohibited! Please Use Format Provided Below to Answer Requirement Journal Entries: Description/Accolint