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W13-5 The following facts apply to the pension plan of Boudreau Inc. for the year 2019. P 4,900,000 4,900,000 8% 400,000 250,000 497,000 334,000 Plan Assets, January 1, 2019 Projected benefit obligation January 1, 2019 Settlement rate Service cost Contributions (funding) Actual and expected return on plan assets Benefits paid to retires Instructions: Compute pension expense for the year 2019. As part of your solution, prepare a pension worksheet that shows the journal entry for pension expense for 2019 and the year-end balances in the related pension accounts

W13-5 The following facts apply to the pension plan of Boudreau Inc. for the year 2019. P 4,900,000 4,900,000 8% 400,000 250,000 497,000 334,000 Plan Assets, January 1, 2019 Projected benefit obligation January 1, 2019 Settlement rate Service cost Contributions (funding) Actual and expected return on plan assets Benefits paid to retires Instructions: Compute pension expense for the year 2019. As part of your solution, prepare a pension worksheet that shows the journal entry for pension expense for 2019 and the year-end balances in the related pension accounts

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter19: Accounting For Post Retirement Benefits
Section: Chapter Questions
Problem 4E
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W13-5 The following facts apply to the pension plan of Boudreau Inc. for the year 2019. Plan Assets, January 1, 2019 Projected benefit obligation January 1, 2019 Settlement rate P 4,900,000 4,900,000 8% Service cost Contributions (funding) Actual and expected return on plan assets Benefits paid to retires 400,000 250,000 497,000 334,000 Instructions: Compute pension expense for the year 2019. As part of your solution, prepare a pension worksheet that shows the journal entry for pension expense for 2019 and the year-end balances in the related pension асcounts
Transcribed Image Text:W13-5 The following facts apply to the pension plan of Boudreau Inc. for the year 2019. Plan Assets, January 1, 2019 Projected benefit obligation January 1, 2019 Settlement rate P 4,900,000 4,900,000 8% Service cost Contributions (funding) Actual and expected return on plan assets Benefits paid to retires 400,000 250,000 497,000 334,000 Instructions: Compute pension expense for the year 2019. As part of your solution, prepare a pension worksheet that shows the journal entry for pension expense for 2019 and the year-end balances in the related pension асcounts
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