Reference no: EM132462658
Problem - Ludell Corp. shows the following data-
Projected benefit obligation 1/1/17 - $560,000
Plan Assets 1/1/17 - $546,200
On 1/2017, Ludell amends the plan and grants prior service cost benefits of $120,000.
Settlement rate - 9% Service Cost - $58,000 Contribution - $65,000.
Actual/expected returns-$52,280 Benefits paid - $40,000.
PSC amortization - $17,000.
Required -
1. Prepare the pension worksheet showing the journal entry for pension expense.
2. Show Y/E balances in the pension accounts (Memo record and OCI accounts included) C. Indicate amounts to be reported on Balance sheet and Income statements.
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Prepare the amortization schedules and journal entries
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: Briefly summarize the findings from each article. Based upon the information read, discuss if eyewitness testimony is reliable or unreliable.
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Prepare the pension worksheet showing the journal entry
: Ludell Corp. shows the following data- Projected benefit obligation 1/1/17 - $560,000. Prepare the pension worksheet showing the journal entry
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