On December 31, 2018, the Following Pension-Related Data Were Available

question 24

Essay

On December 31, 2018, the following pension-related data were available for CPS Industries' noncontributory, defined benefit pension plan: Required:
1) Prepare the 2018 journal entry to record pension expense.
2) How will the statement of comprehensive income be affected by any 2018 gains and losses?

---

Definitions:

Alfred Adler

An Austrian psychotherapist and founder of the school of individual psychology, known for his theories on the importance of feelings of inferiority.

Conditional Positive Regard

An attitude of acceptance and respect on the condition that one behaves in a certain way, often discussed in the context of humanistic psychology.

Positive Self-talk

The practice of making affirming and encouraging statements to oneself, which can influence one's attitude, behavior, and emotional state in a positive way.

Self-talk Benefits

Positive effects arising from the practice of intentionally generating affirmative inner dialogue, such as improved mood, reduced stress, and enhanced performance.