Using the preceding data compute pension expense for the

Reference no: EM13587557

The following facts apply to the pension plan of Boudreau Inc. for the year 2012.

Plan assets, January 1, 2012	$490,300
Projected benefit obligation, January 1, 2012	490,300
Settlement rate	8	%
Service cost	42,100
Contributions (funding)	26,680
Actual and expected return on plan assets	48,070
Benefits paid to retirees	35,080

Using the preceding data, compute pension expense for the year 2012. As part of your solution, prepare a pension worksheet that shows the journal entry for pension expense for 2012 and the year-end balances in the related pension accounts.

Reference no: EM13587557

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Using the preceding data compute pension expense for the

Reference no: EM13587557

Reference no: EM13587557

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