User Account

All Pages

What the fair value of the plan assets at December

Assignment Help Accounting Basics
Reference no: EM132905904

Question - Bateman Corp. provides a defined benefit pension plan for its employees and uses IFRS. The trustee administering the plan provided the following information for the year ended December 31, 2020:

Fair value of plan assets, Jan 1 $1,200,000

Defined benefit obligation, Jan 1 1,270,000

Current service cost 300,000

Employer's contributions 360,000

Past service cost (at Jan 1) 30,000

Benefits paid retirees 325,000

Actual and expected return 60,000

Interest (discount) rate 8%

Required - What the fair value of the plan assets at December 31, 2020?

Reference no: EM132905904

Questions Cloud

What were the closing inventories for the current year : Purchases for the year were 76% of the costs of goods sold figure. What were the closing inventories for the current year
Compare the hofstede culture for fedex and dhl : Please compare the Hofstede's culture for FedEx and DHL. It is more of choosing which style you think each company is and compare them.
Provide consolidation adjustment entries : Provide consolidation adjustment entries for the above inter-entity transactions to enable preparation of the consolidated report for the year ending 30 June
What sort of evidence would you collect and review : What sort of forensic accounting service are you providing? What sort of evidence would you collect and review
What the fair value of the plan assets at December : Bateman Corp. provides a defined benefit pension plan for its employees and uses IFRS. What the fair value of the plan assets at December 31, 2020
What is John adjusted basis in the shares of Intel stock : He also incurs a $1,000 fee for this transaction. What is John's adjusted basis in the 1,000 shares of Intel stock
What is her basis in the distributed inventory : How much gain or loss does Misha recognize, and what is her basis in the distributed inventory and in her partnership interest following the distribution
What nominal rate of interest must Acme CDs hav to pay : Prime: 5%; LIBOR: 3.25%; Fed Funds: 1.5%; 10 Month T-Note: 2.42%; 3 Month T-Bill 1.25%. What nominal rate of interest must Acme CDs hav to pay
What is the initial investment in the product : The product requires an immediate investment of $48,000 in plant and equipment. What is the initial investment in the product

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