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Learning Objective: Daftar Komponen Biaya Pensiun

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The document provides information about a pension plan for Raciliffe Company for 2015, including interest revenue on plan assets, benefits paid, contributions, discount rate, defined benefit obligation at the start of 2015, and service cost. It asks to: 1) Compute the pension expense for 2015 as the sum of service cost, interest cost, expected return on assets, and prior service cost amortization 2) Prepare the journal entry to record pension expense and employer contribution, with pension expense debiting cash, pension asset/liability, and other comprehensive income for prior service cost.

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Learning Objective: Daftar Komponen Biaya Pensiun

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tes doang
57 views3 pages
The document provides information about a pension plan for Raciliffe Company for 2015, including interest revenue on plan assets, benefits paid, contributions, discount rate, defined benefit obligation at the start of 2015, and service cost. It asks to: 1) Compute the pension expense for 2015 as the sum of service cost, interest cost, expected return on assets, and prior service cost amortization 2) Prepare the journal entry to record pension expense and employer contribution, with pension expense debiting cash, pension asset/liability, and other comprehensive income for prior service cost.

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The document provides information about a pension plan for Raciliffe Company for 2015, including interest revenue on plan assets, benefits paid, contributions, discount rate, defined benefit obligation at the start of 2015, and service cost. It asks to: 1) Compute the pension expense for 2015 as the sum of service cost, interest cost, expected return on assets, and prior service cost amortization 2) Prepare the journal entry to record pension expense and employer contribution, with pension expense debiting cash, pension asset/liability, and other comprehensive income for prior service cost.

Copyright:

© All Rights Reserved
Download as PDF, TXT or read online from Scribd
Download as pdf or txt
57 views3 pages

Learning Objective: Daftar Komponen Biaya Pensiun

Uploaded by

tes doang
The document provides information about a pension plan for Raciliffe Company for 2015, including interest revenue on plan assets, benefits paid, contributions, discount rate, defined benefit obligation at the start of 2015, and service cost. It asks to: 1) Compute the pension expense for 2015 as the sum of service cost, interest cost, expected return on assets, and prior service cost amortization 2) Prepare the journal entry to record pension expense and employer contribution, with pension expense debiting cash, pension asset/liability, and other comprehensive income for prior service cost.

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© All Rights Reserved
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Nama : Andres Adi Putra S

NIM : 43220110067

Tugas : Forum 13

Mata Kuliah : Akuntansi Keuangan Menengah 2

1. Learning Objective : Daftar Komponen Biaya Pensiun

E20-14 (Pension Expense, Journal Entries) Latoya Company provides the following
selected information related to its defined benefit pension plan for 2015.
Pension asset/liability (January 1) $ 25,000 Cr
Accumulated benefit obligatuon (December 31) 400,000
Actual return on plan assets 67,500
Contributions (funding) in 2015 50,000
Discount (interest) rate 10%
Defined benefit obligation (January 1) 700,000
Service cost 80,000
Instructions
a. Compute pension expense and prepare the journal entry to record pension
expense and the employer’s contribution to the pension plan in 2015.
Preparation of a pension worksheet is not requires. Benefits paid in 2015 were
$35,000.
b. Indicate the pension related amounts that would be reportes in the company’s
statement of comprehensive income and statement of financial position for 2015.

Jawab:
Journal entries 12/31/14
Other comprehensive income (G/L) 100
Pension Expense 480
Pension Asset/Liability 120
Cash 700

Balance sheet at December 31, 2014


Liabilities
Pension Liability 680

Stockholders’ equity
Accumulated other comprehensive loss (G/L) 100
2. Learning Objective : Menjelaskan amortisasi biaya jasa yang belum diakui

E20-5 (Computation of Actual Return) Gingrich Importers provides the followingpension


plan information.
Fair value of pension plan assets, January 1, 2015 2,400,000
Fair value of pension plan assets, December 31, 2015 2,725,000
Contributions to the plan in 2015 280,000
Benefits paid retirees in 2015 350,000
Discount (interest) rate 7%
Instructions
a. From the data above, compute the actual return on the plan assets for 2015.
b. Compute asset gain or loss, and indicate how the gain or loss will be reported.
Jawab :
b. Computation of Service Years
Year Jim Paul Nancy Dave Kathy Total
2014 1 1 1 1 1 5
2015 1 1 1 1 1 5
2016 1 1 1 1 1 5
2017 1 1 1 1 4
2018 1 1 1 3
2019 1 1 2
3 4 5 6 6 24
Cost per service-year : $72,000 : 24 = $3,000

c. Computation of Annual Prior Service Cost Amortization


Year Total Service Years Cost Per Service Year Annual Amortization

2014 5 3,000 15,000

2015 5 3,000 15,000

2016 5 3,000 15,000

2017 4 3,000 12,000

2018 3 3,000 9,000

2019 2 3,000 6,000

72,000
3. Learning Objective : Menjelaskan Daftar Komponen Biaya Pensiun

E20-1 (Pension Expense, Journal Entry) The following information is available forthe
pension plan of Raciliffe Company for the year 2015.
Interest revenue on plan assets $ 15,000
Benefits paid to retirees 40,000
Contributions (funding) 90,000
Discount (interest rate) 10%
Defined benefit obligation, January 1, 2015 500,000
Service Cost 60,000
Instructions:
a. Compute pension expense for the year 2015
b. Prepare the journal entry to record pension expense and the employer’s
contribution to the pension plan in 2015

Jawab:
a. Computation of pension expense :
Service cost $ 60,000
Interest cost ($500,000 x 0.10) 50,000
Expected return on plan assets (15,000)
Prior service cost amortization 8,000
Pension expense for 2014 103,000

b. Pension Expense 103,000


Cash 90,000
Pension Asset/ Liability 5,000
Other Comprehensive Income (PSC) 8,000

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