User Account

All Pages

What is the expected postretirement benefit obligation

Assignment Help Accounting Basics
Reference no: EM13847446

Silver Springs Company has an unfunded retiree health care plan. Each of the company's four employees has been with the organization since its inception at the beginning of 2012. As of the end of 2013, the actuary estimates the total net cost of providing benefits to employees during their retirement years to have a present value of $196,000. Each of the employees will become fully eligible for benefits after 28 more years of service, but aren't expected to retire for 30 more years. The interest rate is 8%.

Required: 1) What is the expected postretirement benefit obligation at the end of 2013?

2) What is the accumulated postretirement benefit obligation at the end of 2013?

Reference no: EM13847446

Questions Cloud

Discuss how dunn can use john''s knowledge of deli business : Discuss the leadership challenges that Dunn himself must address in the areas of personal skills, leading change, diversity, knowledge management, office politics and empowerment; Discuss how Dunn can use John's knowledge of The Deli business to hi..
What are examples of opportunity costs : What is the difference between NPV,IRR, Payback analysis and how are these methods related. What are examples of opportunity costs and incremental cash flows. How does the cash flow of a project impact whether or not a company pursues a certain proje..
Calculate the accumulated postretirement benefit obligation : Calculate the accumulated postretirement benefit obligation at the end of 2013 and the service cost for 2013 pertaining to John.
What does a practicing industrial- organizational psychologi : What does a practicing industrial- organizational psychologist do
What is the expected postretirement benefit obligation : What is the expected postretirement benefit obligation at the end of 2013? What is the accumulated postretirement benefit obligation at the end of 2013?
Multiple roles and relationships in the supervisory process : Multiple roles and relationships in the supervisory process
Determine the moral status of the fetus : Which theory or theories are being used by Jessica, Marco, Maria, and Dr. Wilson to determine the moral status of the fetus and how does the theory determine or influence each of their recommendation for action?
Tension capacity of ub section and plates : A splice is made in a 360UB44.7 tension member by bolting it to plate on both sides of the web. Check the structural capacity under pure tension (maximum tension force T) using the section shown below (not to scale) by considering all the possible fa..
Identification of any controls used in the labor markets : Before starting to write your paper, you must get an outline approved by your instructor. You will find a dropbox for submission of this outline. Your outline must include a short description of your product, the country or countries selected to..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Iffert corporations net income last year was 4040000 the

iffert corporations net income last year was 4040000. the dividend on common stock was 6.40 per share and the dividend

  Assume the same situationas in part d above except instead

caroline borrowed 8000 through the federal governments stafford loan program while she was studying accounting. the apr

  Oliver gave his wife 5100000 worth of publicly traded stock

oliver gave his wife 5100000 worth of publicly traded stock in august 2011 outright. olivers basis in the stock was

  Calculate januarys ending inventory and cost of goods sold

the following information is available for the kleinschmidt corporation for 2013beginning inventory 112000merchandise

  Prepare a report showing gelato supremo revenue and

flexible budgets and revenue and spending variances lo1 lo2gelato supremo is a popular neighborhood gelato shop. the

  From the e-activity describe the impact of adopting ifrs

from the e-activity discuss the impact of adopting ifrs reporting on equity-based accounting for financial reporting

  A company uses activity-based costing to determine the

a company uses activity-based costing to determine the costs of its three products a b and c. the budgeted cost and

  The acme corporation uses a periodic inventory system and

the acme corporation uses a periodic inventory system and buys 1850 units of merchandise in january at 21 each. acme

  How would it capitalize the borrowing cost

Aftab Company limited realized itself as a social responsible company and decided to construct an employees housing society. How would it capitalize the borrowing cost?

  Case-soft light company

Soft Light Company produces speciality lamps and sell them to retail stores. During the lastest year, the company sold 40,000 lamps at an average of $70 per lamp.

  Briefly explain the significance of the acquisition date

Briefly explain the significance of the acquisition date and the date of exchange and outline how the consideration (in a business acquisition) is calculated when the acquisition of the target company is carried out in stages.

  You work as an accountant for a small land development

you work as an accountant for a small land development company that desperately needs additional financing to continue

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd