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Business, 04.08.2021 17:50 laquitad8693
Cassy Budd Company has a defined benefit pension plan. At the end of the reporting year, the following data were available: beginning PBO, $82,000; service cost, $18,700; interest cost, $5,700; benefits paid for the year, $9,700; ending PBO, $96,700; the expected return on plan assets, $10,700; and cash deposited with pension trustee, $12,500. There were no other pension-related costs. The journal entry to record the annual pension costs will include a credit to the PBO for:
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Cassy Budd Company has a defined benefit pension plan. At the end of the reporting year, the followi...
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