CH20 - E20-1 a Brady Company Computation of pension Expense...

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E20-1 a. Brady Company Computation of pension Expense For 2010 Service cost $60,000 Interest cost ($500,000x10%) 50,000 Expected return on plan assets (15,000) Prior service cost amortization 8,000 Pension expense for 2010 $103,000 b. Brady Company Journal entries For 2010 Pension Expense 103,000 Cash 90,000 Pension Asset/Liability 5,000 Other Comprehensive Income (PSC) 8,000
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E20-4 Boudreau Inc. Pension Worksheet For the year 2010 Items General Journal Entries Memo Record Plan Assets Cash Balance, January 1, 2010 ($490,000) $490,000 Service cost $40,000 (40,000) Interest ($490,000*8%) 39,200 (39,200) Return on assets (49,700) 49,700 Contributions (25,000) 25,000 Benefits paid 33,400 (33,400) Journal entry, December 31 29,500 (25,000) (4,500) Balance, December 31, 2010 ($4,500) ($535,800) $531,300 Annual Pension Expense Pension Asset/ Liability Projected Benefit Obligation
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E20-7 Pydell Corp.
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CH20 - E20-1 a Brady Company Computation of pension Expense...

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