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Louie Company has a defined benefit pension plan. On December 31 (the end of the fiscal year), the company received the PBO report from the actuary. The following information was included in the report: ending PBO, $110,000; benefits paid to retirees, $10,000; interest cost, $8,000. The discount rate applied by the actuary was 8%. What was the service cost for the year?
old south company purchased investments for 55000 and plant assets for 147000 during the current year during which it
Sunrise Coffee estimated depreciation for office equipment as $100. The adjusting entry would include:
lupinski distributors has 1000000 shares of common stock outstanding. on january 11 of the current year lupinski
denair fine wines inc. is planning to bring out a higher-quality wine product than any currently available in
at the beginning of the year a firm leased equipment on a capital lease capitalizing 60000 in its lease receivable
assume that apple has received a special order from a retailer for 1000 specially outfitted imacs. this is a one-time
The revenue principle states that revenue shall be recognized at a point when
Albacore issued a 10% stock dividend on June 30, 2009. On September 30, 2009, 12,000 shares of common stock were reacqured as treasure stock. What is the appropriate number of shares to be used in the basic earning per share computation for 2009?
the raab company is expanding its production facilities to include a new product line a sporty automotive tire rim.
Explain what is meant by "Rate of Return." Why does a business owner need to understand rate of return. Your client has told you that he only cares about cash flow. As long as he can pay his bills and take out some capital form the business, he do..
cochrane inc. is considering a new three-year expansion project that requires an initial fixed asset investment of
the laker co. and heat co. are both subsidiary companies owned by the nba jam co. the laker co. makes a product called
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