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Business, 23.02.2022 14:00 yclark98563p5z2gt

For 2017, prepare a pension worksheet for Pearl Corp. that shows the journal entry for pension expense and the year-end balances in the related pension accounts. Projected benefit obligation,1/1/17 (before) $537,000
Plan assets, 1/1/17 523,800
Pension liability 13,200

On January 1, 2017, Pearl Corp., through plan grants prior service benefits having a present value of 104,000
Settlement rate 9%
Service cost 56,000
Contributions (funding) 61,000
Actual (expected) return on plan assets 47,500
Benefits paid to retirees 37,000
Prior service cost amortization for 2017 18,200

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For 2017, prepare a pension worksheet for Pearl Corp. that shows the journal entry for pension expen...
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