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Vacation Pay and Pension Benefits
Regling Company provides its employees vacation benefits and a defined benefit pension plan. Employees earned vacation pay of $35,000 for the period. The pension formula calculated a pension cost of $201,250. Only $175,000 was contributed to the pension plan administrator.
(a) Provide the journal entry for the vacation pay.
(b) Provide the journal entry for the pension benefit. If an amount box does not require an entry, leave it blank.
Is this ethical? Jim is uncertain about the appropriateness of this from a legal and ethical perspective. Give your opinion and explain the ethical implications of making the purchase.
Payments for inventory are 70% in the month following purchase and 30% two months following purchase-Evaluate the cash collections for December
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Prepare an annual operating budget for QwikShare for FY 2012. Prepare a semiannual cash budget showing first half of the year, the second half of the year, and the annual total in three side-by-side columns for QwikShare for FY 2012.
Explain the presentation of marketable securities in Western's balance sheet at December 31, 2007. In 2008, Western engaged in the following transaction.
question elizabeth has graduated from ucsd and is now employed as a financial analyst at qualcomm. she has been
If the department typed 81,900 lines according to the original plan, what would have been the labor time variance? What was the labor time variance as a result of typing 88,900 lines? What was the labor rate variance as a result of the bonus?
On December 31, 2014, Biker Company sells equipment to Mame Company. for $62,500. Biker includes a 1-year assurance warranty service with the sale of all its equipment. The customer receives and pays for the equipment on December 31, 2014. Prepare th..
Should directly connect with the customer and should talk about the two important events - Contents must give a clear idea about the best deals and new product range which will help in attracting the customer.
A comparative balance sheet for Century Company appears below. Prepare a statement of cash flows for the year ended December 31, 2015, using the indirect method.
Explain why investors buy at price higher than net asset value - explain theory that what factor affect prices, include net asset per share or other factor
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