INTERMEDIATE ACCOUNTING-MYLAB W/ETEXT
INTERMEDIATE ACCOUNTING-MYLAB W/ETEXT
3rd Edition
ISBN: 9780136946601
Author: GORDON
Publisher: PEARSON
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Chapter 19, Problem 19.6P

a.

To determine

The value of total pension cost for the year.

Given information:

Fair value of plan assets at the beginning is $8,010.

Value of PBO at the beginning is $9,133.

Service cost is $1,827.

Settlement rate is 8%.

Expected rate on plan assets is 4%.

Actual return on plan assets is $570.

Contribution for the year is $1,060.

Benefit paid for the year is $900.

AOCI related to prior service cost at the beginning is $2,020.

Amortization of prior service cost is $670.

Actuarial gain is $3,012.

Average remaining service life of the employee base is 5 years

b.

To determine

The value of closing balance of plan assets and PBO.

Given information:

Fair value of plan assets at the beginning is $8,010.

Value of PBO at the beginning is $9,133.

Service cost is $1,827.

Settlement rate is 8%.

Expected rate on plan assets is 4%.

Actual return on plan assets is $570.

Contribution for the year is $1,060.

Benefit paid for the year is $900.

AOCI related to prior service cost at the beginning is $2,020.

Amortization of prior service cost is $670.

Actuarial gain is $3,012.

Average remaining service life of the employee base is 5 years

c.

To determine

The value of the closing balance in accumulated other comprehensive income of current year.

d.

To determine

To prepare: The journal entry to record current year pension cost.

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Chapter 19 Solutions

INTERMEDIATE ACCOUNTING-MYLAB W/ETEXT

Ch. 19 - Prob. 19.1MCCh. 19 - Prob. 19.2MCCh. 19 - Prob. 19.3MCCh. 19 - Prob. 19.4MCCh. 19 - Prob. 19.5MCCh. 19 - Prob. 19.6MCCh. 19 - Prob. 19.7MCCh. 19 - Prob. 19.8MCCh. 19 - Prob. 19.1BECh. 19 - Prob. 19.2BECh. 19 - Prob. 19.3BECh. 19 - Prob. 19.4BECh. 19 - Prob. 19.5BECh. 19 - Prob. 19.6BECh. 19 - Employee Stock Options, Liability-Classified...Ch. 19 - Prob. 19.8BECh. 19 - Prob. 19.9BECh. 19 - Prob. 19.10BECh. 19 - Prob. 19.11BECh. 19 - Prob. 19.12BECh. 19 - Prob. 19.13BECh. 19 - Prob. 19.14BECh. 19 - Prob. 19.15BECh. 19 - Prob. 19.16BECh. 19 - Prob. 19.17BECh. 19 - Prob. 19.18BECh. 19 - Prob. 19.19BECh. 19 - Prob. 19.20BECh. 19 - Prob. 19.21BECh. 19 - Prob. 19.22BECh. 19 - Prob. 19.23BECh. 19 - Prob. 19.24BECh. 19 - Prob. 19.25BECh. 19 - Prob. 19.26BECh. 19 - Prob. 19.27BECh. 19 - Prob. 19.28BECh. 19 - Prob. 19.1ECh. 19 - Prob. 19.2ECh. 19 - Employee Stock Options. Equity-Classified Awards....Ch. 19 - Prob. 19.4ECh. 19 - Prob. 19.5ECh. 19 - Prob. 19.6ECh. 19 - Prob. 19.7ECh. 19 - Prob. 19.8ECh. 19 - Prob. 19.9ECh. 19 - Prob. 19.10ECh. 19 - Prob. 19.11ECh. 19 - Prob. 19.12ECh. 19 - Prob. 19.13ECh. 19 - Prob. 19.14ECh. 19 - Prob. 19.15ECh. 19 - Prob. 19.16ECh. 19 - Prob. 19.1PCh. 19 - Prob. 19.2PCh. 19 - Prob. 19.3PCh. 19 - Prob. 19.4PCh. 19 - Prob. 19.5PCh. 19 - Prob. 19.6PCh. 19 - Prob. 19.7PCh. 19 - Prob. 19.8PCh. 19 - Prob. 19.9PCh. 19 - Prob. 19.10PCh. 19 - Prob. 19.11PCh. 19 - Prob. 19.12PCh. 19 - Prob. 1JCCh. 19 - Prob. 2FSCCh. 19 - Prob. 1SSCCh. 19 - Prob. 2SSCCh. 19 - Basis for Conclusions Case 1: Are Employee Stock...Ch. 19 - Prob. 2BCC
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