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Barrel corporation had service and interest cost of $ 50,000 related to its defined pension plan for the year ended Dec 31, year 7. the company's for unrecognized prior service cost was $ 200,000 at Dec 31, year 6 an the average remaining service life of the company's employee was 20 years plan assets earned an expected and actual return of 10% during year 7. the company made contribution to the plan of $ 25,000 and paid benefit of $ 30,000 during the year. the pension plan had plan assets with a fair value of $300,000 at Dec 31, year 6. the PBO was $ 400,000 at Dec 31 year 6 and $420,000 at Dec 31 year 7. barrel's expected tax rate is 30 %.
What should barrel corporation report in accumulated other comprehensive income for this pension plan?
A. 133,000
B. 140,000
C. 190,000
D. 200,000
Which of the following government transfer payments is included in the recipient's gross income? Which of the following expenditures is not a medical expense for federal tax purposes?
If the contract is obtained, it is anticipated that the additional activity will not interfere with normal production during April or increase the selling or administrative expenses.
The Allegheny Valley Power Company common stock has a beta of 0.80. If the current risk-free rate is 6.5%(Krf)and the expected return on the common stock as a whole is 16%(Km)
August 31 falls on a Thursday. On Friday, September 1, the part-time employee John J. Jones was paid $250 or $50 per day for a five-day work week which ended that Friday.
Identify how operating budgets are developed. Compare five to seven expense results with budget expectations, and describe possible reasons for variance.
Talmadge Company is acquiring the target Tyler, Inc in a merger. Tyler's market valuation is $6.0 bln , and its equity value on the balance sheet before any adjustments is 3.0 bln.
Assuming that the $7,500 was deducted in calculating net unrelated business income, what is Tan s unrelated business taxable income?
What is the major difference between the current ratio and the acid-test ratio? Why is inventory removed from the acid-test ratio?
Jane's Donut Co. borrowed $200,000 on January 1, 2009, and signed a two-year note bearing interest at 12%. Interest is payable in full at maturity on January 1, 2011. In connection with this note, what amount should Jane's report as interest expen..
Determine if you should open the retail shop in this vacant space. Include the break-even transactions, CM%, and the break-even dollar amount. Explain your answer (include rationale if your answer is yes or no).
What are the steps in completing the accounting cycle? How do the different steps affect the financial statements?
The general group of the 10 PCAOB Auditing standards requires that:
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