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Service cost component for 2011 is $150,000 and the amortization of the prior service cost is $240,000. The company's actual funding of the plan in 2011 amounted to $160,000. Expected return on plan assets and the settlement rate were both 8%.
(a) determine the pension expense to be reported in 2011(b) prepare the journal entry to record pensiom expense and the employers' contribution to the plan in 2011
the austin land co sold lanbd for 85.000 in cash. the land was originally purchased for 65000 and at the time of sale
Patrick Seeley has $2,400 that he is looking to invest. His brother approached him with an investment opportunity that could double his money in four years. What interest rate would the investment have to yield in order for Patrick's brother to de..
1. Determine the total compensation cost pertaining to the restricted shares. 2. Prepare the appropriate journal entry to record the award on January 1, 2009.
the total variable costs are 600 if 500 units are produced. if 400 units are product the total variable cost would
interfund transactions are reciprocal or nonreciprocal. prepare journal entries to record the following interfund
in 2010 milly purchased 150 shares of stock in tommy corporation for 12500. in 2012 the corporation distributed 2000 to
1. examples of intangible assets includea. technological managerial and marketing know-how.b. superior rampd
as the representative from your accounting firm or practice you are in charge of stock market analysis that will be
michael company issued 8 bonds with a par value of 1000000 receiving a 20000 premium. on the interest date 5 years
for the last eight months of 2009 jo company incurred the following activity levels and shipping department
Brown earned net operating income of $80,000 and had a long-term capital loss of $3,000. Also, Jay withdrew $40,000 from the corporation. Jay must report $80,000 of Brown Corporation income and may deduct the $3,000 loss on his individual Federal ..
Applying the carryback provisions in the tax law, compute the net amount of taxes paid (amounts paid less refunds) for the ten-year period ending December 31, 2011
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