Computation of Pension Expense
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E20-2 (Computation of Pension Expense) Rebekah Company provides the following information about its defined benefit pension plan for the year 2005.
Service cost $ 90,000
Contribution to the plan 105,000
Prior service cost amortization 10,000
Actual and expected return on plan assets 64,000
Benefits paid 40,000
Accrued pension cost liability at January 1, 2005 10,000
Plan assets at January 1, 2005 640,000
Projected benefit obligation at January 1, 2005 800,000
Unrecognized prior service cost balance at January 1, 2005 150,000
Interest/discount (settlement) rate 10%
Compute the pension expense for the year 2005.
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E20-2 (Computation of Pension Expense) Rebekah Company provides the following information about its defined benefit pension plan for the year 2005.
Service cost $ 90,000
Contribution to the plan 105,000
Prior service cost amortization ...
Purchase this Solution
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