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While doing some online research concerning a possible investment you come across an article that mentions in passing that a representative of Morgan Stanley had indicated that a company's pension plan had benefited its reported earnings. Curiosity piqued, you seek your old Intermediate Accounting text.
Required:
1. Can the net periodic pension "cost" cause a company's reported earnings to increase? Explain.
2. Companies must report the actuarial assumptions used to make estimates concerning pension plans. Which estimate influences the earnings effect in requirement 1? Can any of the other estimates influence earnings? Explain.
Second Baptist would start a church school; and Baker would open a car dealership. If you are the financial adviser for the school district, which offer would you prefer? Why?
While Mary Corens was a student at the University of Tennessee, she borrowed $12,000 in student loans at an annual interest rate of 9.90%. If Mary repays $1,500 per year, how long (to the nearest year) will it take her to repay the loan?
Sales were $8,300,000, sales discounts were $100,000, sales returns and allowances were $45,000, and the cost of merchandise sold was $5,000,000.
Overhead applied to Standard using traditional costing using direct labor hours is
on january 2 20x1 bruce greene invested 10000 in the stock market and purchased 500 shares of heartland development
Sampson Apparel Incorporated incurred actual variable overhead expenses of $62,000 in the current year for the production of 10,000 units.
Describe the difference in reporting capital assets and long term debt in the governmental funds financial statements and reporting those elements for governmental activities in government wide financial statements.
mauve corporation began operations as a farm supplies business and used a fiscal year ending october 31. the company
material cost variances use of variances for performance evaluation. katharine stanley is the owner of better bikes a
eddy falls is considering litigation a tax deficiency of approximately 229030 in the court system. he asks you to
1. Obtain a copy of the 2009 annual report for a publicly held firm. Try to obtain an annual report for a retail or manufacturing firm. Do not use banks or other financial institutions. Be sure that the financial statement contains the following i..
(a) what is meant by the term "lobbying"? (b) who would be likely targets of coca cola Amatil's lobbying activities ? (c) why would adoption of international standards do heavily affect coca cola Amatil?
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