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Shin Corporation had a projected benefit obligation of $3,181,600 and plan assets of $3,361,300 at January 1, 2014. Shin also had a net actuarial loss of $493,890 in accumulated OCI at January 1, 2014. The average remaining service period of Shin’s employees is 8 years. Compute Shin’s minimum amortization of the actuarial loss.
The Minimum amortization of the actuarial loss is $_____________
Refer to the data below. Retained earnings, December 31, 2016 $ 692,800 Cost of buildings purchased during 2017 83,600 Net income for the year ended December 31, 2017 113,800 Dividends declared and paid in 2017 65,000 Increase in cash balance from Ja..
Assume that Jong used the equity method of accounting for its investment in Nye instead of the cost method. Calculate the balance of its "Investment in Nye" account.
horizontal and vertical analysis of income statement.financial information for blevins inc. is presented
Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations for June. The journal entry to record June production activities for goods transferred from production to finished goods is: Direct materia..
On 1/1/14 two firms sign a 6-year lease involving a plant asset with a remaining useful life of 10 years on this date. The fair value of the asset is $700,000. The interest rate implicit in the lease is 10% and the annual lease payments of $120,000 a..
Digital Imaging (DI) produces photo printers for both professional and consumer markets. The DI consumer division recently introduced two photo printers that provide color prints rivalling those produced by a professional processing lab. The recommen..
On January 1, 2016, Barden Universal issued 12% bonds dated January 1, 2016, with a face amount of $200 million. The bonds mature in 2025 (10 years). Determine the price of the bonds at January 1, 2016. Prepare the journal entry to record the bond is..
Briefly show the accounting treatment of purchased goodwill. Briefly describe impairment concept in relation to intangible assets, with reference to relevant accounting standards
Jossiah and Jemima Benson have recently married and in planning their future have decided to solicit the services of a financial advisor with the aim of implementing their short and long term lifestyle goals and financial plans. Jossiah and Jemima..
Burp-Cola just finished making an annual dividend payment of $2.- per share on its common stock. Its common stock dividend has been growing at an annual rate of 10% . Kelly Scott requires a 16% on this stock. What intrinsic value should Kelly place o..
Domino Foods, Inc., manufactures a sugar product by a continuous process, involving three production departments—Refining, Sifting, and Packing. Journalize the entries to record the flow of costs into the Refining Department during the period for (1)..
BIGBUCKS has five departments, each with a supervisor. The supervisor of each department triggers (initiates) the payroll process. Each department supervisor totals the hours for each employee. He notes these totals on a summary employee timesheet. T..
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