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Exercise 19-10 The following information is available for Sunland Corporation's pension plan for the year 2020: Plan assets, January 1, 2020 Actual return on plan assets Benefits paid to retirees Contributions (funding) Discount rate Defined benefit obligation, January 1, 2020, accounting basis valuation Service cost $450,000 17,000 40,600 93,200 11% 519,000 66,600 Calculate pension expense for the year 2020, assuming that Sunland follows IFRS. Pension expense $ Provide the entries to recognize the pension expense and funding for the year. (Credit account titles are automatically inder indent manually.) nh Credit Calculate pension expense for the year 2020, assuming that Sunland follows IFRS, Pension expense Provide the entries to recognize the pension expense and funding for the year (Credit account titles are automatically indented when the amount is entered. Do not Indent manually.) Date Account Titles and Explanation Debit Credit December 31, 2020 V A (To record pension expense and remeasurement loss.) December 31, 2020 (To record contributions to the pension fund.) LINK TO TEXT LINK TO TEXT LINK TO VIDEO Calculate pension expense for the year 2020. assuming that Sunland follows ASPE, and its accounting policy is to use an accounting tas valuation for its defined benefit obligation Calculate pension expense for the year 2020, assuming that Sunland follows ASPE, and its accounting policy is to accounting bansa ation for its defined but Pension expense Provide the entries to recognize the pension expense and funding for the year. (Credit account titles are automatically indented when the amount is entered on Indent manually.) Dates Account Titles and Explanation Debut Cud December 31, 2020 v (To record pension expense.) December 31, 2020 (To record contributions to the pension fund.) LINK TO VIDEO LINK TO TEXT LINK TO TEXT SAYYOHATSUSHI ARGES Cuestion Attempts: 0 of 3 used

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