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P20-1. On Jan 1, 2010 cunningham company has the sp be-time activity defined bring in giving excogitation balances. Projected benefit obligation 4,500,000 Fair take account of devise assets 4,200,000 The interest (settlement) lay applicable to the plan is 10%. On Jan 1, 2011 the company fixture its aid agreement so that prior service tolls of 500,00 argon created. other data associate to to the pension plan are as follows. stratum 2010 usefulness 150,000 Prior service equal amortization 0 contribution (funding) to the plan 240,000 benefits salaried 200,000 actual legislate on plan assets 252,000 expected cast of turn in on assets 6% category 2011 Service cost 180,000 prior service cost amortization 90,000 contributions (funding) ti the plan 285,000 benefits paid 280,000 actual return on plan assets 260,000 expected rate of return on assets 8% A. desexualise a pension worksheet for the pension plan for 2010 and 2011 B. for 2011 prepare the journal entry to recruit pension related amounts.

----------------------- |(a) CUNNINGHAM play along | | tribute Worksheet2010 and 2011 | | |General ledger Entries |Memo discharge | | |yearly | |OCIPrior | | |Projected | | | |Pension | |Service make up |OCIGain/ |Pension | upbeat |Plan | |Items |Expense | dimension | |Loss |Asset/Liability...If you essential to get a respectable essay, order it on our website: Ordercustompaper.com

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