The company had reported an accrued/prepaid pension cost

Assignment Help Accounting Basics
Reference no: EM13867440

On December 31, 2010, the Robey Company accumulated the following information for 2010 in regard to its defined benefit pension plan:
Service cost ................. $105,000Interest cost on projected benefit obligation ..... 12,000Expected return on plan assets ........... 11,000Amortization of prior service cost ........ 2,000On its December 31, 2009 balance sheet, the company had reported an accrued/prepaid pension cost liability of $14,000.

Required:
1. Compute the amount of Robey Company 's pension expense for 2010.
2. Prepare all the journal entries related to Robey Company's pension plan for 2010 if it funds the pension plan in the amount of: 

(a) $108,000, 

(b) $107,000, 

(c) $112,000.

Reference no: EM13867440

Questions Cloud

Determine the level of measurement for each variable : Refer to the Buena School District bus data, which report information on the school district's bus fleet. Which of the variables are qualitative and which are quantitative? Determine the level of measurement for each variable.
What is tan(?) : A plane takes off and ascends at an angle of 10° traveling at 400 miles per hour for 15 mins. Then it levels out and travels at 450 miles per hours for 10 mins. Let θ be the angle of elevation from the airport to the current location of the plane. Wh..
Calculate bluebird company''s postretirement benefit expense : Bluebird Company has an accumulated postretirement benefit obligation (prior service cost) of $500,000 at the beginning of the year, and the average remaining service life of its employees is 20 years.
What is the cartoonist''s opinion on the issue? : What is the cartoonist's opinion on the issue?
The company had reported an accrued/prepaid pension cost : On December 31, 2010, the Robey Company accumulated the following information for 2010 in regard to its defined benefit pension plan:Service cost ................. $105,000Interest cost on projected benefit obligation ..... 12,000Expected return on p..
How you will meet managerial staffing targets : Finally prepare an action plan describing how you will meet managerial staffing targets. Look especially at information provided in the ‘Employee development' and ‘Talent management' sections of the case for activities and timetables
Determine the seasonally adjusted forecast for each quarters : The planning department of Padget and Kure Shoes, the manufacturer of an exclusive brand of women's shoes. Determine the seasonally adjusted forecast for each of the four quarters of the sixth year.
Why is it important for a leader in homeland security : Why is it important for a leader in Homeland Security
What are the major differences between quantitative : What are the major differences between quantitative and qualitative research methods? what skills must a researcher have to develop and implement each type of design?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Orporate governance and accountability

ORPORATE GOVERNANCE And ACCOUNTABILITY.

  The current controllable margin for frederick division is

the current controllable margin for frederick division is 62000. its current operating assets are 200000. the division

  Your supervisor at youcpa wants to know what you think

your supervisor at youcpa wants to know what you think about the proposed change from gaap to ifrs in the united states

  Retained earnings reduced by property dividend

The market value of the King stock was $30 per share on the date of declaration and $32 per share on the date of distribution. By how much is retained earnings reduced by the property dividend?

  Master grill sells free-standing gas grills plus

master grill sells free-standing gas grills plus installation to a customers gas line for a total price of 700. the

  Comprehensive budgeting problem-activity-based costing

Tyva makes a very popular undyed cloth sandal in one style, but in Regular and Deluxe. The Regular sandals have cloth soles and the Deluxe sandals have cloth-covered wooden soles.

  Sales force and shipping department

A corporation is in disarray because of widespread theft in the sales force and shipping department. Firing the guilty parties is most properly the responsibility of the corporate

  Determine for each notea the due date and b the amount of

old town co. wholesales bathroom fixtures. during the current fiscal year old town co. received the following notesdate

  What are the key management assertions related to cash

What are the key management assertions related to cash? What are the most important assertions related cash? How will auditors test these assertions?

  Determine the amount of translation adjustment

Determine the amount of translation adjustment, if any, reported in other comprehensive in-come in each of the three most recent years. Explain the sign (positive or negative) of the trans-lation adjustment in each of the three most recent years.

  On november 1 year 1 placid co borrowed 100000 from bay

on november 1 year 1 placid co. borrowed 100000 from bay bamk and signed a 12 six-month note payable all due at

  Prepare the journal entries to record the accrual of

cole corporation issued 400000 7 20-year bonds on january 1 2014 for 360727. this price resulted in an

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!

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