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At the beginning of the current year, Willow Company adopts a pension plan and awards retroactive benefits to its employees. The company's actuary computes these prior service costs to be $280,000. The company amortizes the prior service costs by the straight line method over the remaining 14 year service life of its active employees. Prepare the journal entries to record the prior service costs and the related year end adjusting entry for the current year.
1.foley company uses a job-order costing system. the following data relate to the month of october the first month of
The chairman has asked you for your analysis of these provisions. Please prepare a memorandum outlining your thoughts on each, including, but not necessarily limited to
two guys opened an ice cream shop in eugene. it was a big success so they decide to open a ice cream shops in many
Finx, Inc., purchased a truck for $35,000. The truck is expected to be driven 15,000 miles per year over a five-year period and then sold for approximately $5,000. Determine depreciation for the first year of the truck's useful life by the straigh..
requirement 1 neal company would like to initiate a management development program for its executives. the program
Wages expense for a period was $69,000. Wages payable increased during the period by $10,500. How much cash was paid to employees during the period?
The company is subject to state unemployment taxes at the rate of 2% and federal unemployment taxes at the rate of 0.8%. By May 15, some employees had earned over $7,000, so only $9,000 of the $20,000 weekly gross pay was subject to unemployment t..
products alpha and beta are joint products. the joint production cost of the products is 800. alpha has a market value
ramirez co. decides at the beginning of 2012 to adopt the fifo method of inventory valuation. ramirez had used the lifo
In which of the following industries are economies of scale exhausted at relatively low levels of output?
bryant company designs and builds fancy dining room tables for individual customers. on july 1 there were two jobs in
A house worth $70,000 is purchased with a down payment of $20,000 and a mortgage amortized over 20 years. If the interest rate is 14% compounded semi- annually;
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