Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 68

Grammar, Inc., offers its full-time employees pension and other postretirement benefits, primarily health insurance.uring the current year, pension benefits for the employees totaled $250,000.ther postretirement benefits totaled $140,000.he pension benefits are fully funded by the company by transferring cash to a trustee that administers the plan.he other postretirement benefits are similarly funded, but only at the 50 percent level.repare journal entries to record the two expenses, and determine the total amount that Grammar will need to transfer to its trustee for both benefit plans during the current year.