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Englehart Co. provides the following information about its post-retirment benefit plan for the year 2012. service cost = 90,000; prior service cost amortization = 3,000; contribution to the plan = 56,000; actual and expected return on plan assets = 62,000; benefits paid = 40,000; plan assets at jan 1, 2012 = 710,000; accumulated postretirement benefit obligation at jan 1 2012 = 760,000; accumulated OCI (PSC) at jan 1 2012 = 100,000 Dr.; discount rate = 9%. Instrucions: compute the postretirment benefit expense for 2012.
Determine the rate and efficiency variances for the variable overhead item power cost and indicate whether those variances are unfavorable or favorable.
In 2012, Johnson Corp. reported $8,000 of ordinary business income. How much of the $25,000 ordinary loss allocated to Parker clears the tax basis hurdle for destructibility in 2011?
What other potential sources of financing are available to the company and what is the max amount of additional financing that can be in the form of bank borrowings.
the total amount of interest incurred by Clay during Year 8 was $102,000. Illustrate what amount should Clay report as capitalized interest at December 31, Year 8?
It is now 3 months after the end of the current taxable year. How much, if any, accumulated earnings tax will the IRS assess against Arekay Corporation?
If the predertimed overhead rate is base on machine hours, illustrate what is the total amount credited to the factory overhead account for the year for carlson?
Multiple choice questions related to valuation of real estate property - The buyer was aware of this history prior to consummating the sale. The cost to remove the tanks today is $40,000. What is the value of the subject site?
Examine and determine each capitalization creiteria and evaluate what type of lease this is for Adden.
Prepare a segmented income statement in the contribution format for the company. Omit percentages; illustrate only dollar amounts.
The employee worked in Starbuck's Information Technology Department. RAD Services Inc. charged Starbucks as much as $429,800 for consulting services in a single week. For such a fraud to have taken place, certain control activities were likely no..
If the corporation uses the straight -line method of amortization of bond discount,the amount of bond intrest expense to be recognized on July 1,2010 is ?
At the beginning of 2011, there was $2,000 of materials on hand. During the year, the company purchased $305,000 of materials; however, it paid for only $292,500. Explain how much inventory was requisitioned for use on jobs during 2011?
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