User Account

All Pages

What is the balance in the plan asset account on december

Assignment Help Accounting Basics
Reference no: EM133158377

Question - Dumbell Company, a Canadian publicly traded company, has a defined benefit non-contributory pension plan. The following is partial information related to the plan:

Defined benefit obligation, December 31, 2020 $1,649,000

Fair value of plan assets, December 31, 2020 $2,136,000

Past service cost from January 2, 2021 plan amendment agreement $370,000

Actual return on plan assets for 2021 4.5%

Current service cost for 2021 $1,160,000

Contributions made by employer relating to 2021 $640,000

Pension benefits paid to retirees in 2021 $680,000

Discount rate on long term bonds 7%

Changes in actuarial assumptions caused a $52,000 actuarial loss during 2021.

Required - What is the balance in the plan asset account on December 31, 2021?

Reference no: EM133158377

Questions Cloud

What is her allowable casualty loss deduction for the year : Jill was partially insured and received $112,000 for the damage. What is her allowable casualty loss deduction for the year
Phrase and concept of environmental debt : 1. If we take the United States as our example... In the wake of billions of dollars in costs associated from recent hurricanes, rampant wildfires across the we
Eeo and anti-discrimination : Briefly summarize how legislation, codes of practice, standards or policy might affect the following factors relating to training and assessment in the workplac
Why is it important to understand what motivates individuals : Why is it important to be aware of cultural differences when working and leading others? Why is it important to understand what motivates individuals?
What is the balance in the plan asset account on december : Changes in actuarial assumptions caused a $52,000 actuarial loss during 2021. What is the balance in the plan asset account on December
How the collective bargaining process works : Read how the Collective Bargaining Process Works (link below)
Search the local tv station websites : After you've researched how local newspapers/websites and local broadcast stations covered the shootings of homeless individuals in New York and Washington DC,
Real life case of age discrimination : Provide a summary of a real life case of age discrimination, the case itself, the outcomes and recommendations on how to avoid its reoccurrence
Give an example of a seasonal pattern coding : Give an example of a seasonal pattern coding. What are the key features of organisational procedures and policies relate to financial administration

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