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Persoff Industries Internation has a defined benefit pesnion plan. the company revised its estimate of future salary levels causing its defined benefit obligation to increase by $16 million. also, persoff's $25 million actual return on plan assets exceeded the $22 million expected return. persoff prepares its financial statements in accordance with international financial reporting standards, the comapny will
A. report an unrecognized net loss as an offset to the net pension leability in the liavility section of the balance sheet
B. recored a $3 million decrese in its plan asets
C. record a $16 million gain 0OCI
D. Report an unrecognized net gain as an increase in the net pension asset in the liability section of the balance sheet
If the controller accepted to record a QAR 70,000 warranty expense in 2015, would this be counted as a violation to the generally accepted accounting principles? Identify and discuss the accounting principle that would be violated, if any.
impro company operates in a state where corporate taxes and workers compensation insurance raes have recently doubled.
1a. Assume the company uses absorption costing. Determine its product cost per unit. 1b. Assume the company uses absorption costing. Prepare its income statement for the year under absorption costing. 2a. Assume the company uses variable costing. Det..
A mutual fund portfolio manager's performance is evaluated by comparing the short-term and long-term returns to specific benchmarks. When you look at a performance review in Morningstar (one of the most recognized rating service companies) you wou..
if congress increased the personal tax rate on interest dividends and capital gains but simultaneously reduced the rate
ipx is a specialized packaging company that packages other manufacturers products. other manufacturers ship their
crinks corporation uses direct labor-hours in its predetermined overhead rate. at the beginning of the year the
Equivalent Units and Related Costs; Cost of Production Report; Entries
the adams company a merchandising firm has budgeted its activity for november according to the following
Prepare a cost of production report for the Fabrication Department for June using the weighted average method costing.
What is the purpose of a classified statement of net position?
Jerry, a general contractor by trade, is a tenant of Montgomery Apartments. In exchange for four months rent at $900 per month, Jerry provided the following items and services for Paul, the owner of the apartments: How should Paul treat this trans..
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