User Account

All Pages

What amount should ostrich report as unfunded accrued

Assignment Help Accounting Basics
Reference no: EM132737490

The following information pertains to Ostrich Company's defined benefit pension plan:

Prepaid pension cost, January 1, 2020 Php 120,000
Current Service Cost 190,000
Interest Cost 380,000
Expected return on plan assets 220,000
Amortization of unrecognized prior service cost 520,000
Employer contributions 400,000
The fair value of plan assets exceeds the accumulated benefit obligation

Problem 1: In its December 31, 2020 balance sheet, what amount should Ostrich report as unfunded accrued pension cost?

Reference no: EM132737490

Questions Cloud

What is principal message of the Capital Asset Pricing Model : What is the principal message of the Capital Asset Pricing Model (CAPM)? What are its assumptions? What is Beta? Is high beta good or bad for a company
How much is current portion of hopeful income tax expense : How much is the current portion of Hopeful's income tax expense? Hopeful Company is preparing its 2020 year end income tax returns
Calculate the net benefit of accepting the special order : Of the production costs and selling expenses, $600,000 and $100,000, respectively, are fixed. Calculate the net benefit of accepting the special order
Suffering from viral or bacterial meningitis : Why is it important to determine whether a patient is suffering from viral or bacterial meningitis? Explain the cause, pathophysiology, manifestations,
What amount should ostrich report as unfunded accrued : Current Service Cost 190,000. In its December 31, 2020 balance sheet, what amount should Ostrich report as unfunded accrued pension cost?
Analyse and assess business and audit risk : Analyse and assess business and audit risk and, if applicable, briefly describe the specific component(s) of audit risk affected
What is the total shareholders equity as of december : Unrealized gain on available for sale security Php 200,000. Excess of par - ordinary share 500,000. What is total shareholders' equity as of December 31, 2020
Pros and cons from perspective of crestview hospital : Examine the pros and cons from the perspective of Crestview Hospital of the placement of its new billboard directly adjacent to Briarwood Medical Center.
Journalize the entry for the change in fair value : Using the cost method, journalize the entry for the change in fair value. If an amount box does not require an entry, leave it blank

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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