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Gurung Co. has a noncontributory, defined benefit pension plan adopted on 1 January 20X5. On 31 December 20X5, the following Information is available: For accounting purposes Interest rate used for pension amounts, 5%. Past service cost. granted as of 1 January 20X5, $200,000. This is also the defined benefit obligation on 1January. Current service cost for 20X5, appropriately measured for accounting purposes, $67.000. For funding purposes Funding was $99,500 in 20X5 for all pension amounts. The payment was made on 31 December. Actual earnings on fund assets, zero. Required: 1. Prepare a pension spreadsheet that summarizes relevant pension data for 20X5. Pension Plan Assets Pension Net Pension | Accumulated Obligation Expense Asset Liab. OC 20X5 Beginning - PSC CSC Interest Funding 2. Prepare a pension spreadsheet that summarizes relevant pension data for 20X6. The following facts relate to 20X6: Current service cost for accounting was $96,000. A plan amendment resulted in a past service cost of $40,000 being granted. Total funding of the pension plan was $118.000, on 31 December 20X6. Actual return on fund assets was $8,900. An actuarial revaluation was done to reflect new Information about expected turnover rates In the employee population. This resulted in a $35,000 Increase In the defined benefit obligation, as of 31 December 20X6. Pension Obligation Plan Assets Pension Net Pension | Accumulated Expense Asset/Liab. OCI 20X8 Opening CSC Net interest PSC (new) Actual return versus expected Revaluation Funding please provide calculation