Solved: Carter corporation had pension expense of 43 million and, Accounting Basics

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Carter corporation had pension expense of 43 million and

Example Problem

Problem 1

For 2004, Carter Corporation had pension expense of $43 million and contributed $65 million to the pension fund. Prepare Carter Corporation's journal entry to record pension income and funding.

Solution:

Pension Expense 43,000,000

Prepaid/Accrued Pension Cost 22,000,000

Cash 65,000,000

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Accounting Basics: Carter corporation had pension expense of 43 million and

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Accounting Basics: Carter corporation had pension expense of 43 million and

Reference No:- TGS02567318

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