Amount to be amortized $114,000 1,000 Expected Future Years of Service = = 5 years ——— ——————————————— 200 Number of Employees $114,000 = $22,800 ———— 5 years Pension Expense 533,500 (b)5’ Prepaid/Accrued Pension Cost 98,550 Cash 435,000
Amount to be amortized $114,000 1,000 Expected Future Years of Service ——— = ——————————————— = 5 years 200 Number of Employees $114,000 ———— = $22,800 5 years (b)5’ Pension Expense 533,500 Prepaid/Accrued Pension Cost 98,550 Cash 435,000
Financial%20Accounting%20Exam.docx