Orpheum Productions has a noncontributory, defined benefit pension plan. On December 31, 2018 (the end of Orpheum's fiscal year), the following pension-related data were available: Required:
1) Prepare the 2018 journal entry to record pension expense.
2) Prepare the 2018 journal entry to record the contribution to plan assets.
3) Prepare the journal entries to record any 2018 gains and losses.

Question

Orpheum Productions has a noncontributory, defined benefit pension plan. On December 31, 2018 (the end of Orpheum's fiscal year), the following pension-related data were available:  Required:
1) Prepare the 2018 journal entry to record pension expense.
2) Prepare the 2018 journal entry to record the contribution to plan assets.
3) Prepare the journal entries to record any 2018 gains and losses.

Quizplus · Accepted Answer

The Answer of Orpheum Productions has a noncontributory, defined benefit pension plan. On December 31, 2018 (the end of Orpheum's fiscal year), the following pension-related data were available:  Required:
1) Prepare the 2018 journal entry to record pension expense.
2) Prepare the 2018 journal entry to record the contribution to plan assets.
3) Prepare the journal entries to record any 2018 gains and losses.

Orpheum Productions Has a Noncontributory, Defined Benefit Pension Plan