chapter 20 part 2 - contributions benefits journal entry...

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B-10 pension assets projected benefits pension liability Plan x 600,000 500,000 100,000 asset Plan Y 900,000 720,000 180,000 asset Plan Z 550,000 700,000 150,000 liability E-1 a) service cost 60,000 interest cost 50,000 return on assets -15,000 pension expense 95,000 b) pension expense 103,000 cash 90,000 pension asset 5,000 other income 8,000 E-4 Pension Worksheet 2010 Journal entries items expense cash pension asset projected b Balance Jan 1 2010 service cost interest cost actual return
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Unformatted text preview: contributions benefits journal entry dec 31 balance dec 31 2010 E-8 Loss amortization Year projected benefit plan assets 10% corridor accumulated OCminimum a 2009 2,000,000 1,900,000 200000 2010 2,400,000 2,500,000 240000 2011 2,950,000 2,600,000 295000 2012 3,600,000 3,000,000 360000 Chapter 20 Part 2 Homework Brief exercise 20-10, Exercises 20-1, 20-4, 20-8, benefit plan assets mortization...
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This note was uploaded on 04/14/2011 for the course ACCT 3202 taught by Professor Kenmichael during the Spring '11 term at University of Minnesota Duluth.

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chapter 20 part 2 - contributions benefits journal entry...

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