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NorthEastern Logistics Inc. has PBO balance of $450,000 and Plan Assets balance of $ 420,000 on Jan 1, 2015. Actuarial valuation of PBO at Dec 31, 2013 was $520,000. Service cost for 2015 was $20,000 and expected rate of return and settlement rate was 10%. Assuming that expected and actual return were same, how much NorthEastern should report as OCI Gain/Loss for 2015
Unexpected Gain of $5,000
Unexpected Loss of $5,000
Unexpected Loss of $70,000
None of the above
On December 31, it was estimated that goodwill of $6,000,000 was impaired. In addition, a patent with an estimated useful economic life of 12 years was acquired for $1,500,000 on April 1. Journalize the adjusting entry on December 31 for the impaired..
fishy farm is a small business located in the mountains of southwestern virginia.nbsp the business is actually a
Assume that Doha Company asked you for a loan. Based on the information in the financial statements, would you agree to give a loan to the company
The finished-goods inventory at the end of July was $35,000 and the cost of goods sold during the month was $125,000. Cpst of goods manufacuted is?
What non-cash transactions does the company have on its cash flow statement? What are some other examples of non-cash transactions?
Kleenex is a multi-divisional utility company. Kleenex has four divisions with the following betas and proportions of the firm's total assets: What is the firm's weighted average beta?
Assigning responsibilities in various responsibility centers and Advertising is handled by the corporate marketing departments, but the sales office controls a SMALL operating budget for entertainment expenses.
Flip had sales of $10,000 (100 units at $100 per). Manufacturing costs consisted of direct labor $1,500, direct materials $1,400, variable factory overhead $1,000, and fixed factory overhead $500. The company did not maintain any inventories, so tota..
On July 1, Year 1, Cobb Company issued 9% bonds in the face amount of $1,000,000 which mature in ten years. The bonds were issued for $939,000 to yield 10%, resulting in a bond discount of $61,000. Cobb uses the effective interest method of amortizin..
Compute the correct amount for the ending inventory. Explain the basis for your treatment of each of the preceding items.
Post each of the journal entries to the appropriate ledger accounts. Compute the ending balance in each ledger account
Before adjustments for bad debt, company H ended 2014 with regular balances in accounts receivable and the allowance for doubtful accounts of 35,000 and 300 respectively. The company recognized 250,000 of credit sales during the year. They estimate 2..
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