Business, 05.11.2019 04:31 loverohio001

Pension data for barry financial services inc. include the following: ($ in 000s) discount rate, 7% expected return on plan assets, 10% actual return on plan assets, 9% service cost, 2018 $ 310 january 1, 2018: projected benefit obligation 2,300 accumulated benefit obligation 2,000 plan assets (fair value) 2,400 prior service cost–aoci (2018 amortization, $25) 325 net gain–aoci (2018 amortization, $6) 330 there were no changes in actuarial assumptions. december 31, 2018: cash contributions to pension fund, december 31, 2018 245 benefit payments to retirees, december 31, 2018 270 required: 1. determine pension expense for 2018. 2. prepare the journal entries to record pension expense, gains and losses (if any), funding, and retiree benefits for 2018.

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Pension data for barry financial services inc. include the following: ($ in 000s) discount rate, 7%...

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