Using the information in E20-2 prepare a pension worksheet inserting January 1, 2010, balances, showing December 31, 2010, balances, the reconciliation schedule, and the journal entry recording pension expense.In E20-2 Rebekah Company provides the following information about its defined benefit pension plan for the year 2010.Service cost………………………………………………………………… € 90,000Contribution to the plan…………………………………………………..105,000Past service cost amortization ……………………………………………10,000Actual and expected return on plan assets…………………………..64,000Benefits paid………………………………………………………………….40,000Pension asset/liability at January 1, 2010……………………………10,000Plan assets at January 1, 2010 640,000Defined benefit obligation at January 1, 2010…………………..800,000Unrecognized past service cost balance at January 1, 2010 150,000Interest/discount rate …………………………………………………………10%InstructionsCompute the pension expense for the year 2010.View Solution:
Using the information in E20 2 prepare a pension worksheet inser



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