chapter 20 final - Part 1-complete questions 19,22; Brief...

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Part 1-complete questions 19,22; Brief Exercises 1,2,3,4 19) Projected benefit obligation -400,000 pension plant assets 350,000 pension liability -50,000 22) Other comprehensive income 2011 liability gain 10,000 asset loss 14,000 Other comprehensive loss -4,000 net income 25,000 other comprehensive loss 4,000 comprehensive income 21,000 B-1 Cost 370,000,000 interest 672,000,000 return on plan assets -747,000,000 amortization of service cost 16,000,000 amortization of net loss 25,000,000 pension expense 336,000,000 B-2 Ending plan assets 2,000,000 beginning plan assets 1,780,000 increase in plan assets 220,000 return on plant assets -100,000 B-3 Beaty Company Items cash 1/1/2010 280,000 Cr 280,000 Dr service cost 27,000 Dr 27,500 Cr interest cost 28,000 Dr 28,000 Cr actual return 25,000 Cr 25,000 Dr contributions 20,000 Cr 20,000 Dr benefits 17,500 Dr 17,500 Cr Journal entry 30,500 Dr 20,000 Cr 10,500 Cr 12/31/2010 10,500 Cr 318,000 Cr 307,500 Dr B-4 pension expense 32,000,000 pension expense pension asset/liability Projected benefit obligation plan assets
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cash 32,000,000
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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 final - Part 1-complete questions 19,22; Brief...

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