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1.)  Manno Corporation has the following information available concerning itsdefined-benefit pension plan for 2020.See picture

Sandhill Company provides the following information about its defined benefit pension plan for the year 2025. Service cost Contribution to the plan $88,400 103,100 Prior service cost amortization 10,600 Actual and expected return on plan assets 64,800 Benefits paid 39,800 Plan assets at January 1, 2025 634,600 Projected benefit obligation at January 1, 2025 700,900 Accumulated OCI (PSC) at January 1, 2025 152,600 Interest/discount (settlement) rate 10% Compute the pension expense for the year 2025. Pension expense for 2025 $

On January 1, 2022, Seascape Ltd. reported the following balances relating to their defined benefit pension plan. Seascape Ltd. uses ASPE. Defined benefit obligation $ 2,100,000 Fair value of plan assets. 1,900,000 Other data related to the pension plan for 2022 are: Current service cost 110,000 Contributions to the plan 105,000 Benefits paid.. 180,000 Actual return on plan assets. 142,000 Interest (discount) rate 7% Past service costs, Jan 1 120,000 Actuary adjustment, Dec 31 220,000 Pension Asset/Liability account on Balance Sheet Instructions a) Calculate the defined benefit obligation at December 31, 2022. b) Calculate the fair value of plan assets at December 31, 2022. c) Calculate pension expense for 2022. d) Prepare the journal entries to record the pension expense and the contributions for 2022. e) How would your answer be different if the company used IFRS? f) What is the funded status of the plan on December 31, 2022? Indicate whether it is underfunded or overfunded.

Sandhill Company provides the following information about its defined benefit pension plan for the year 2020. Service cost   $ 88,400   Contribution to the plan   103,100   Prior service cost amortization   10,600   Actual and expected return on plan assets   64,800   Benefits paid   39,800   Plan assets at January 1, 2020   634,600   Projected benefit obligation at January 1, 2020   700,900   Accumulated OCI (PSC) at January 1, 2020   152,600   Interest/discount (settlement) rate   10 % Compute the pension expense for the year 2020.

Crane Enterprises Ltd. provides the following information about its defined benefit pension plan: Balances or Values at December 31, 2023 Defined benefit obligation Vested benefit obligation Fair value of plan assets $2,710,000 1,629,393 2,255,546 Other pension plan data: Current service cost for 2023 93,000 Actual return on plan assets in 2023 129,000 Return on plan assets in 2023 using discount rate 173,920 Interest on January 1, 2023 defined benefit obligation 250,000 Funding of plan in 2023 91,406 Benefits paid 139,000 (a) Calculate the January 1, 2023 balances for the pension-related accounts if Crane follows IFRS. Defined benefit obligation Fair value of plan assets Net defined benefit +A +A

Sweet Company provides the following information about its defined benefit pension plan for the year 2020. Service cost   $91,000   Contribution to the plan   106,400   Prior service cost amortization   10,800   Actual and expected return on plan assets   65,200   Benefits paid   40,500   Plan assets at January 1, 2020   633,900   Projected benefit obligation at January 1, 2020   701,600   Accumulated OCI (PSC) at January 1, 2020   149,900   Interest/discount (settlement) rate   9 % Prepare a pension worksheet inserting January 1, 2020, balances, showing December 31, 2020. (Enter all amounts as positive.)

Blossom Company provides the following information about its defined benefit pension plan for the year 2020. Service cost   $ 90,600   Contribution to the plan   103,900   Prior service cost amortization   10,100   Actual and expected return on plan assets   63,100   Benefits paid   39,600   Plan assets at January 1, 2020   644,100   Projected benefit obligation at January 1, 2020   710,600   Accumulated OCI (PSC) at January 1, 2020   149,400   Interest/discount (settlement) rate   9 % Compute the pension expense for the year 2020. Pension expense for 2020   $enter the Pension expense for 2020 in dollars

Wildhorse Company provides the following information about it defined benefit pension plan for the year 2025. Service cost $89, 200 Contribution to the plan amortization 10,300 Actual and expected return on plan assets 64, 100 Benefits paid 40, 100 Plan assets at January 1, 2025 632, 500 Projected benefit obligation at January 1, 2025 702,600 Accumulated OCI (PSC) at January 1, 2025 151,200 Interest/discount (settlement) rate 11% Compute the pension expense for the year 2025

Oriole Company provides the following information about its defined benefit pension plan for the year 2020. Service cost   $91,700   Contribution to the plan   104,300   Prior service cost amortization   10,800   Actual and expected return on plan assets   65,300   Benefits paid   39,700   Plan assets at January 1, 2020   633,400   Projected benefit obligation at January 1, 2020   711,600   Accumulated OCI (PSC) at January 1, 2020   148,000   Interest/discount (settlement) rate   10 % (a)     Prepare a pension worksheet inserting January 1, 2020, balances, showing December 31, 2020. (Enter all amounts as positive.) ORIOLE COMPANYPension Worksheet—2020.     General Journal Entries   Memo Record Items   AnnualPension Expense   Cash   OCI

Oriole Company provides the following information about its defined benefit pension plan for the year 2020. Service cost   $91,700   Contribution to the plan   104,300   Prior service cost amortization   10,800   Actual and expected return on plan assets   65,300   Benefits paid   39,700   Plan assets at January 1, 2020   633,400   Projected benefit obligation at January 1, 2020   711,600   Accumulated OCI (PSC) at January 1, 2020   148,000   Interest/discount (settlement) rate   10 % (a)     Prepare a pension worksheet inserting January 1, 2020, balances, showing December 31, 2020. (Enter all amounts as positive.) ORIOLE COMPANYPension Worksheet—2020.     General Journal Entries   Memo Record Items   AnnualPension Expense   Cash   OCIPrior Service Cost   Pension Asset/Liability   (b) The parts of this question must be completed in order. This part will be available when you complete the part above.

Sandhill Company provides the following selected information related to its defined benefit pension plan for 2025. Pension asset/liability (January 1) $25.500 Cr. Accumulated benefit obligation (December 31) 403,100 Actual and expected return on plan assets 9,000 Contributions (funding) in 2025 148,600 Fair value of plan assets (December 31) 795,800 Settlement rate 10% Projected benefit obligation (January 1) 702.800 Service cost 79.580 (a1) Your answer is correct. Compute pension expense. Pension expense for 2025 $ 140860 i Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2025. Preparation of a pension worksheet is not required. Benefits paid in 2025 were $39,100. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Account Titles and…

The following information is available for the pension plan of Wildhorse Company for the year 2025. Actual and expected return on plan assets Benefits paid to retirees $14,000 41,500 Contributions (funding) 94,400 Interest/discount rate 10% Prior service cost amortization 7,800 Projected benefit obligation, January 1, 2025 479,000 Service cost 62,500 (a) Your answer is correct. Compute pension expense for the year 2025. (b) Pension expense for 2025 eTextbook and Media Solution List of Accounts Your answer is incorrect. 104200 i Assistance Used Attempts: unlimited Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2025. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Account Titles and Explanation Debit Credit

Sunland Company provides the following information about its defined benefit pension plan for the year 2025. Service cost $91,400 Contribution to the plan 102,900 Prior service cost amortization 9,600 Actual and expected return on plan assets 64,900 Benefits paid 40,600 Plan assets at January 1, 2025 632,300 Projected benefit obligation at January 1, 2025 686,100 Accumulated OCI (PSC) at January 1, 2025 147,300 Interest/discount (settlement) rate 11% Compute the pension expense for the year 2025. Pension expense for 2025 :$__?__

Cullumber Corporation provides the following information about its defined benefit pension plan (in hundreds of thousands of dollars) for 2023: $9 21 Actual return on plan assets Contributions from employer Benefits paid to retirees Actuarial loss due to change in actuarial assumptions 20 Defined benefit expense Remeasurement gain or loss (OCI) Effect on company's shareholders' equity 10 Current service cost Opening balance, DBO Opening balance, plan assets $23 100 At the end of the year, Cullumber revised the terms of its pension plan, which resulted in past service costs of $35. Assuming that Cullumber applies an 10% interest cost and follows IFRS, determine the company's 2023 defined benefit expense and the effect of the pension plan on the company's shareholders' equity. (Enter answer in hundreds of thousands of dollars.) $ 100

Rakesh

Togress Ivanhoe Company provides the following information about its defined benefit pension plan for the year 2025. Service cost Contribution to the plan $91,300 102,900 Prior service cost amortization 9,500 Actual and expected return on plan assets 64,800 Benefits paid 39,400 Plan assets at January 1, 2025 648,700 Projected benefit obligation at January 1, 2025 694,400 Accumulated OCI (PSC) at January 1, 2025 150,900 Interest/discount (settlement) rate 9% Compute the pension expense for the year 2025. Pension expense for 2025 $

Sandhill Company provides the following information about its defined benefit pension plan for the year 2025. Service cost Contribution to the plan $91,600 104,400 Prior service cost amortization 10,800 Actual and expected return on plan assets 64,600 Benefits paid 40,300 Plan assets at January 1, 2025 650,000 Projected benefit obligation at January 1, 2025 692,000 Accumulated OCI (PSC) at January 1, 2025 150,000 Interest/discount (settlement) rate 11% (a) Prepare a pension worksheet inserting January 1, 2025, balances, showing December 31, 2025. (Enter all amounts as positive.

Sunland Company provides the following information about its defined benefit pension plan for the year 2025. Service cost Contribution to the plan $90,100 104,900 Prior service cost amortization 10,800 Actual and expected return on plan assets 63,000 Benefits paid 40,700 Plan assets at January 1, 2025 643,200 Projected benefit obligation at January 1, 2025 690,100 Accumulated OCI (PSC) at January 1, 2025 150,500 Interest/discount (settlement) rate 10% (a) Prepare a pension worksheet inserting January 1, 2025, balances, showing December 31, 2025. (Enter all amounts as positive.)