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Cullumber Corporation is a publicly traded company and follows IFRS. On December 31,2022 .
Cullumber's financial records indicated the following information related to the company's defined
benefit pension plan: Cullumber Corporation's actuary provided the following information on
December 31,2023:Prepare a pension worksheet for Cullumber Corporation for 2023.Balance,
January 1, 2023 Current Service Cost Prior Service Cost. Net Interest/Finance Cost Asset
Remeasurement Gain/Loss Employer Contributions to Pension Fund Benefits Paid to Retirees
from Pension Fund Defined Benefit Expense Entry - 2023 Net Funding Entry Balance, December
31, 2023Annual Defined Benefit Expense Cash i. Cr. Cf. Cr. Cr.Net Defined Liability/ Defined
Benefit Asset 140000 Obligation Plan Assets Cr. Cr. Cr. D. D. D. 262950 Dr. 26000 Dr.
begin{tabular}{|} hline 14800 hline 98000 hline 26000 hline end{tabular} Ci.

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Cullumber Corporation is a publicly traded company and follo.pdf

  • 1. Cullumber Corporation is a publicly traded company and follows IFRS. On December 31,2022 . Cullumber's financial records indicated the following information related to the company's defined benefit pension plan: Cullumber Corporation's actuary provided the following information on December 31,2023:Prepare a pension worksheet for Cullumber Corporation for 2023.Balance, January 1, 2023 Current Service Cost Prior Service Cost. Net Interest/Finance Cost Asset Remeasurement Gain/Loss Employer Contributions to Pension Fund Benefits Paid to Retirees from Pension Fund Defined Benefit Expense Entry - 2023 Net Funding Entry Balance, December 31, 2023Annual Defined Benefit Expense Cash i. Cr. Cf. Cr. Cr.Net Defined Liability/ Defined Benefit Asset 140000 Obligation Plan Assets Cr. Cr. Cr. D. D. D. 262950 Dr. 26000 Dr. begin{tabular}{|} hline 14800 hline 98000 hline 26000 hline end{tabular} Ci.