User Account

All Pages

The actual return on plan assets

Assignment Help Accounting Basics
Reference no: EM131003234

1. The projected benefit obligation was $80 million at the beginning of the year. Service cost for the year was $10 million. At the end of the year, pension benefits paid by the trustee were $6 million and there were no pension-related other comprehensive income accounts requiring amortization. The actuary's discount rate was 5%. The actual return on plan assets was $5 million although it was expected to be only $4 million. What was the pension expense for the year?

Reference no: EM131003234

Questions Cloud

Finance emergency road and bridge improvements : Consider a state debating how to finance emergency road and bridge improvements. Among the possibilities are increased fees on driver’s licenses, a personal property tax on motor vehicles, a tax on automobile parts (including tires), and a higher tax..
Evaluate the planning function of management : Evaluate the planning function of management as it relates to the organization's goals and strategies. Use steps in the specific formal planning process outlined in the text. Your in-class presentation should not exceed 10 minutes.
For each group identified in bold type : For each group identified in bold type below, use the labor-leisure choice model to illustrate graphically and then explain the change in the quantity of leisure desired. Be sure to explain how the group’s labor force participation rate is affected. ..
A relationship with a minimum : A relationship with a minimum ________.
The actual return on plan assets : The actual return on plan assets was $5 million although it was expected to be only $4 million. What was the pension expense for the year?
What impacts do you anticipate on total revenue : Your brand, Bruinbucks!, is considered a higher quality brand without any close substitutes in the high-end category. Even though your product already has a higher than average price in the coffee sector it makes up a small percentage of your patron’..
Modifying the current tax code : Several of the men and women currently running for President of the United States have suggested modifying the current tax code. Select a presidential candidate, go to his/her website, and read about his/her tax proposal. Explain how well the tax pro..
Disadvantage of federalism for democracy : Each of the following is considered a disadvantage of federalism for democracy EXCEPT
Pension benefits paid by the trustee : What was the pension expense for the year?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Progo plans to sell 1200 carriers next year and has

progo plans to sell 1200 carriers next year and has budgeted sales of 48000 and profits of 20000. variable costs are

  Balance in the deferred tax liability

The income tax rate for 2009 was 35%, but the enacted rate for years after 2009 is 40%. The balance in the deferred tax liability in the December 31, 2009, balance sheet is:

  Westan corporation uses a predetermined overhead rate of

westan corporation uses a predetermined overhead rate of 23.40 per direct labor-hour. this predetermined rate was based

  What is database as a service

What is Database as a Service (DaaS)? What are the advantages and disadvantages of using the DaaS approach?

  Net income for the year was 83 cash dividends were 16 the

net income for the year was 83. cash dividends were 16. the company did not dispose of any property plant and

  Many assets are presented at historical cost why does this

many assets are presented at historical cost. why does this accounting principle cause difficulities in financial

  Discrete variables-describe their distribution numerical

In this section, you will carry out the following basic estimation and tests of differences using the provided SampleDataSet.xlsx:Identify three continuous and three discrete variables and describe their distribution numerically (e.g., central ten..

  Determine the value that should be recorded

Determine the value that should be recorded for the building when it is purchased. Assume a 6 percent annual interest rate.

  Calculate the amount of the corporation loss

Calculate the amount of the corporation's loss that may be deducted by Loraine on her 2009 tax return?

  Understanding of the statement

Using the same concept selected above, discuss how a business manager may benefit from an understanding of this statement.

  Why and how would you suggest the selection be done

Why, and how would you suggest the selection be done, if not? What is Sarbanes Oxley ACT (SOX) position on peer review?

  If running corp can only sell a maximum of 6000 units of

running corp. manufactures two models of a fishing reel deluxe and supreme selling for 90 and 150 respectively. there

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd