Reference no: EM131543316

Compute the actual return on plan assets: fair value of plan assets at the beginning of the period $9,590,000; benefits paid during the period $1,300,000; contributions made during the period $950,000; and fair value of the plan assets at the end of the period $10,140,000. Actual return on plan assets $ Waterway Corporation amended its pension plan on January 1, 2017, and granted $153,260 of prior service costs to its employees. The employees are expected to provide 1,940 service years in the future, with 360 service years in 2017. Compute prior service cost amortization for 2017. Prior service cost amortization for 2017 $ Entry field with incorrect answer now contains modified data Brief Exercise 20-8 Tamarisk Corporation has the following balances at December 31, 2017. Projected benefit obligation $2,639,000 Plan assets at fair value 2,099,000 Accumulated OCI (PSC) 1,161,000 What is the amount for pension liability that should be reported on Tamarisk's balance sheet at December 31, 2017? Pension liability balance at December 31, 2017 $ Brief Exercise 20-10 Novak Corp. has three defined benefit pension plans as follows. Pension Assets (at Fair Value) Projected Benefit Obligation Plan X $585,000 $511,000 Plan Y 980,000 791,000 Plan Z 603,000 643,000 How will Novak report these multiple plans in its financial statements? Pension Asset $ Pension Liability $