opsco corp provides the following information about its non pension post retirement 4372503

Opsco Corp. provides the following information about its non-pension, post-retirement benefit plan for the year 2011: Service cost ……………… $ 202,500 Past service cost amortization ……….. 6,750 Contribution to the plan …………… 47,250 Actual and expected return on plan assets ……. 141,750 Benefits paid ……………… 90,000 Plan assets at Jan. 1, 2011 …………. 1,597,500 Post-retirement benefit obligation at Jan. 1, 2011 …. 1,822,500 Unrecognized past service cost balance at Jan. 1, 2011 … 45,000 Amortization of net transition liability ……… 20,250 Unrecognized net transition liability at Jan. 1, 2011…. 180,000 Discount rate ………………….9% Instructions Calculate the post-retirement benefit expense for 2011, and prepare all required journal entries related to the postretirement benefit plan that were made by Opsco in 2011. View Solution:
Opsco Corp provides the following information about its non pension post retirement

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