User Account

All Pages

Compute pension expense for lao ban ltd

Assignment Help Accounting Basics
Reference no: EM132622118

Question - Lao Ban Ltd. sponsors a defined benefit pension plan for its employees. On January 1, 2019, the following balances related to this plan.

Plan assets (fair value) £1,300,000

Defined benefit obligation 1,750,000

Pension asset/liability 450,000 Cr.

Accumulated net loss 227,500

As a result of the operation of the plan during 2019, the actuary provided the following additional data on December 31, 2019.

Service cost for 2019 £270,000

Discount (interest) rate 9%

Actual return on plan assets in 2019 120,000

Contributions in 2019 332,500

Benefits paid retirees in 2019 212,500

Instructions - Using the preceding data, compute pension expense for Lao Ban Ltd. for the year 2019 by preparing a pension worksheet that shows the journal entry for pension expense.

Reference no: EM132622118

Questions Cloud

What are the value of the futures and the value of forward : What are the value of the futures and the value of the forward when the futures price and the forward price both increase to 1.6040?
Cognitive academic language proficiency : Compares the differences between Basic Interpersonal Communication Skills (BICS) and Cognitive Academic Language Proficiency (CALP).
Do believe a firm must have a firm grasp of the concepts : Do believe a firm must have a firm grasp of the concepts of differential cost, opportunity cost and sunk cost to be effective in making business decisions?
What is the total amount of period costs incurred to sell : What is the total amount of product costs incurred to make 31,500 units? what is the total amount of period costs incurred to sell 29,750 units?
Compute pension expense for lao ban ltd : Compute pension expense for Lao Ban Ltd. for the year 2019 by preparing a pension worksheet that shows the journal entry for pension expense
Disabilities education act : Students must qualify for special education services under one of the disability categories outlined by the Individuals with Disabilities Education Act.
What is the present value of investment : You have just purchased an investment that generates the following cash flows for the next four years. You are able to reinvest these cash flows at 9.9 percent,
Compute value of the lease liability at lease commencement : Suppose Tuan expects the residual value at the end of the lease term to be €100,000. Compute value of the lease liability at lease commencement
How much total manufacturing cost is an indirect cost : Kubin Company's, How much total manufacturing cost is an indirect cost that cannot be easily traced to the Manufacturing Department?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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