Swan Company Has Provided You with the Following Data Pertaining

question 14

Essay

Swan Company has provided you with the following data pertaining to its pension plan for the year ended December 31,2014:
• The 2014 service cost was $175,500.
• The projected benefit obligation as of January 1,2014 was $1,950,000.
• Plan assets as of January 1,2014 totaled $2,020,000.
• The actual return on plan assets during 2014 was 10%.
• Amortization of prior service costs during 2014 was $9,750.
• The expected return on plan assets was 8%.
• The pension plan funding during 2014 totaled $170,000.
• The settlement/discount rate was 8%.
Prepare the journal entry to record pension expense for the year ended December 31,2014.

Comprehend how role perceptions influence employee behavior and the means by which organizations can enhance them.

Acknowledge the role of learned capabilities and competencies in job performance.

Understand the impacts of situational factors on job performance and behavior.

Recognize the influence of personal values and personality on individual and organizational outcomes.