The following information relates to the pension plan of Circle Manufacturing Company at December 31, 2008: Instructions:
Question:
Instructions:
Prepare the pension note at December 31, 2008, that discloses the component parts of pension expense as well as the items that combine to yield the net amount reported in the balancesheet.
Transcribed Image Text:
(in thousands) Balances at December 3, 2008: $12,950 11,600 I1,800 Fair value of the pension fund Unrecognized prior service Unrecognized net pension loss (arose in 2008) Accrued pension cost cost ,130 2008 activity $ 950 .300 1,020 1.110 Actual return on the pension fund Expected return on the pension fund Amortization of prior service cost
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Related Book For
Intermediate Accounting
ISBN: 978-0324312140
16th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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