Solution-Compute pension expense for larson corporation

Compute pension expense for larson corporation

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Reference no: EM131109890

1. (Pension Worksheet) Larson Corp. sponsors a defined-benefit pension plan for its employees. On January 1, 2011, the following balances related to this plan.Plan assets (market-related value) $270,000Projected benefit obligation 340,000Pension asset/liability 70,000 Cr.Prior service cost 90,000OCI-Loss 39,000

As a result of the operation of the plan during 2011, the actuary provided the following additional data at December 31, 2011.

(a) Compute pension expense for Larson Corp. for the year 2011 by preparing a pension worksheet that shows the journal entry for pension expense.

(b) Indicate the pension amounts reported in the financial statements.

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Reference no: EM131109890

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Compute pension expense for larson corporation : Compute pension expense for Larson Corp. for the year 2011 by preparing a pension worksheet that shows the journal entry for pension expense.

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Compute pension expense for larson corporation

Reference no: EM131109890

Reference no: EM131109890

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