Paapl Question 4 (5 marks) (aham 8) C nost Coriander Co. (CC), a public company, has had a defined benefit pension plan

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Paapl Question 4 5 Marks Aham 8 C Nost Coriander Co Cc A Public Company Has Had A Defined Benefit Pension Plan 1 (47.12 KiB) Viewed 50 times

Paapl Question 4 (5 marks) (aham 8) C nost Coriander Co. (CC), a public company, has had a defined benefit pension plan for 30 years. Two years ago, CC improved the benefits at a cost of $3,100,000. of 000 tbland enemyaq sensi leunrise ( 23:16: al betaler led leuen At July 1, 2020, pension plan assets were $60,000,000, and pension obligations were $50,000,000. wej iwonod latriem For the year ended June 30, 2021, CC's pension plan incurred current service costs of $5,400,000, and the pension assets actually earned $4,400,000. There were NO actuarial gains or losses for the year ended June 30, 2021. CC's discount rate is 8%. Required: no ezeel 101061 not alwe yd benuper eshtne lamuoj its Calculate CC's pension expense for the year ended June 30, 2021, and prepare the journal entries for its pension plan during this period. (5 marks)