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Compute pension expense and prepare the journal entry

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Reference no: EM13487318

(Pension Expense, Journal Entries) Latoya Company provides the following selected information related to its defined-benefit pension plan for 2010.

(a) Compute pension expense and prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2010. Preparation of a pension worksheet is not required. Benefits paid in 2010 were $35,000.

(b) Indicate the pension-related amounts that would be reported in the company's income statement and balance sheet for2010.

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Reference no: EM13487318

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