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the following facts apply to the pension plan of trudy borke inc for the year 2010 p 4244259

The following facts apply to the pension plan of Trudy Borke Inc. for the year 2010.Plan assets, January 1, 2010……………………………………………..£490,000Defined benefit obligation, January 1, 2010……………………….. 490,000Discount rate ………………………………………………………………………8.5%Service cost……………………………………………………………………….40,000Contributions (funding) ……………………………………………………..30,000Actual and expected return on plan assets…………………………….49,700Benefits paid to retirees………………………………………………………33,400InstructionsUsing the preceding data compute pension expense for the year 2010. As part of your solution, prepare a pension worksheet that shows the journal entry for pension expense for 2010 and the year-end balances in the related pension accounts.View Solution:
The following facts apply to the pension plan of Trudy

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