Prepare a pension worksheet

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At January 1, 2014, Hennein Company had plan assets of $298,000 and a projected benefit obligation of the same amount. During 2014, service cost was $36,120, the settlement rate was 10%, actual and expected return on plan assets were $28,390, contributions were $23,520, and benefits paid were $22,250.

Prepare a pension worksheet for Hennein Company for 2014.

Reference no: EM13774998

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Prepare a pension worksheet : At January 1, 2014, Hennein Company had plan assets of $298,000 and a projected benefit obligation of the same amount. During 2014, service cost was $36,120, the settlement rate was 10%, actual and expected return on plan assets were $28,390, contrib..

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