Wednesday 27 September 2017

ACC305 Chapter 20 Homework

ACC305 Chapter 20 Homework
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Brief Exercise 20-3




At January 1, 2014, Hennein Company had plan assets of $287,800 and a projected benefit obligation of the same amount. During 2014, service cost was $36,710, the settlement rate was 10%, actual and expected return on plan assets were $27,810, contributions were $25,820, and benefits paid were $21,940.
Brief Exercise 20-4




For 2012, Campbell Soup Company had pension expense of $73 million and contributed $71 million to the pension fund.
Brief Exercise 20-9




Norton Co. had the following amounts related to its pension plan in 2014.
Exercise 20-1 (Part Level Submission)
The following information is available for the pension plan of Radcliffe Company for the year 2014.
Exercise 20-18 (Part Level Submission)
The accounting staff of Usher Inc. has prepared the following pension worksheet. Unfortunately, several entries in the worksheet are not decipherable. The company has asked your assistance in completing the worksheet and completing the accounting tasks related to the pension plan for 2014.
Problem 20-1 (Part Level Submission)

On January 1, 2014, Harrington Company has the following defined benefit pension plan balances.

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