The accountant for Marlin Corporation has developed the following information for the company's defined-benefit pension plan for 2015: The accumulated benefit obligation at December 31, 2015, amounted to $3,250,000.
Instructions
(a) Using the above information for Marlin Corporation, complete the pension work sheet for 2015. Indicate (credit) entries by parentheses. Calculated amounts should be supported.
(b) Prepare the journal entry to reflect the accounting for the company's pension plan for the year ending December 31, 2015.

Question

The accountant for Marlin Corporation has developed the following information for the company's defined-benefit pension plan for 2015:  The accumulated benefit obligation at December 31, 2015, amounted to $3,250,000.
Instructions
(a) Using the above information for Marlin Corporation, complete the pension work sheet for 2015. Indicate (credit) entries by parentheses. Calculated amounts should be supported.
(b) Prepare the journal entry to reflect the accounting for the company's pension plan for the year ending December 31, 2015.

Quizplus · Accepted Answer

The Answer of The accountant for Marlin Corporation has developed the following information for the company's defined-benefit pension plan for 2015:  The accumulated benefit obligation at December 31, 2015, amounted to $3,250,000.
Instructions
(a) Using the above information for Marlin Corporation, complete the pension work sheet for 2015. Indicate (credit) entries by parentheses. Calculated amounts should be supported.
(b) Prepare the journal entry to reflect the accounting for the company's pension plan for the year ending December 31, 2015.

The Accountant for Marlin Corporation Has Developed the Following Information