Chat with us, powered by LiveChat The following pension plan information was assembl - BonPapers

The following pension plan information was assembl

The following pension plan information was assembled by the finance director for Dungannon County for the fiscal year ended June 30, 20X6, which is also the measurement date for the net pension liability. Dungannon County does not have any Enterprise or Fiduciary Funds. Contributions to the pension plan from the General Fund for the year were $77,913. The total pension liability measurement decreased by $39,750 during the year because of differences between expected and actual experience. Pension plan investment income was $195,610 more than expected. Average service life of plan participants is 10 years. None of the net pension liability is due and payable-either at the beginning or the end of the year. There are not deferred outflows of resources or deferred inflows of resources balances from prior years. 1. Calculate the County s net pension liability at the beginning and end of the 20X6 year, as required well as the change in net pension liability for the fiscal year. 2. Prepare the General Fund entry to record the contributions payment to the pension plan for 20X6. 3. Prepare the GLTL entry to record the change in the County s net pension liability for 20X6 and for related deferrals. 4. Calculate the amount of pension expense the county would report for governmental activities in its government-wide statement of activities.

Order an Excellent Paper with Writing Service

Bonpaper is a Custom Research Paper Writing service based in USA that is Available 24/7 to cater your needs. We have huge experience of writing essays about every possible topic. We have access to the online libraries, peer-journals, and news sites which makes it possible to gather enough data about the topic. 

We provide the plagiarism-free and grammatically perfect essay writing service to our clients. We have written hundreds of essays so far and our clients have gained excellent results as well.

Need Assignment Help?