Solution-Prepare a pension worksheet for bonita company

Prepare a pension worksheet for bonita company

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Reference no: EM132957479

At January 1, 2020, Bonita Company had plan assets of $286,300 and a projected benefit obligation of the same amount. During 2020, service cost was $28,400, the settlement rate was 10%, actual and expected return on plan assets were $25,500, contributions were $20,600, and benefits paid were $17,900.

Problem 1: Prepare a pension worksheet for Bonita Company for 2020.

Reference no: EM132957479

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Prepare a pension worksheet for bonita company

Reference no: EM132957479

Reference no: EM132957479

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