refer to the information in e19 18 in e rebek corporation provides the following inf 4373497

Refer to the information in E19–18. In E Rebek Corporation provides the following information about its defined benefit pension plan for the year 2011: Service cost ………………….. $ 225,000 Contribution to the plan ………………. 262,500 Past service cost amortization …………….. 25,000 Actual and expected return on plan assets ……….. 160,000 Benefits paid …………………. 100,000 Accrued pension liability at Jan. 1, 2011 ……….. 25,000 Plan assets at Jan. 1, 2011 ……………… 1,600,000 Accrued benefit obligation at Jan. 1, 2011 ……….. 2,000,000 Unrecognized past service cost balance at Jan. 1, 2011 ……. 375,000 Settlement rate ………………….. 10% Instructions (a) Prepare a pension work sheet: insert the January 1, 2011 balances and show the December 31, 2011 balances. (b) Prepare all journal entries. View Solution:
Refer to the information in E19 18 In E Rebek Corporation

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