Unformatted text preview: Contributions to the pension fund 148,000 Actual return on plan assets 41,400 Other information: Expected return on plan assets 6% Interest rate on long-term debt 7% EARSL 13 years a) Prepare a continuity schedule for the plan assets for 2008. Required: b) Prepare a continuity schedule for the ABO for 2008. c) Calculate pension expense for 2008 and prepare the entry to record the expense. d) Identify the year-end balances in all pension-related off-balance-sheet accounts. e) Prepare a reconciliation of the plan’s Accrued Pension Asset/Liability reported on the December 31, 2008 balance sheet. Indicate if the net balance is asset or liability (debit or credit). f) Prepare a pension worksheet for 2008....
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- Spring '10
- benefit pension plan, Plan Assets, PENSION ABC Corp., ID______________ ID______________ ID______________, pension fund Actual