Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
On January 1, 20X2, Paul Co.’s defined benefit pension plan had plan assets with a fair value of $750,000, and a projected plan obligation of $875,000. In addition:
Actual and expected return on plan assets – 7%
Interest cost – 9%
Service costs - $24,000
Unamortized prior service cost - $120,000
Employer contributions to the plan - $45,000
Distributions to employees from the plan - $60,000
Assume that pension expense is $80,000, what will be the projected benefit obligation at December 31, 20X2?
A.$977,750
B.$865,250
C.$953,750
D.$917,750
Calculate the present value of the cash flows, rounding to the nearest dollar A single cash inflow of $12,000 in five years, discounted at a 12% rate of return.
Mr. Wilson own 100% of the common stock of ABC Corp. and 80% of the common stock of DEF Corp. ABC previously paid $6,000 for the remaining 20% interest in DEF. In a combined balance sheet of the two corporations at December 31, year 1, what amount sh..
You are required to prepare a report for your client which explains these terms and critically examines their significance in the context of the accounts published by the Lloyds Banking Group for the half-year to June 2012.
Prepare journal entries for the transactions listed above. Prepare a Stockholders' section of a classified balance sheet as of December 31, 2014.
A 10 year bond issued today by Carris, Inc. has a coupon rate of 10%, a required return of 6% and a face value of $1,000. The bond will be sold 5 years from now when interest rates will be 8%. What is the actual rate of return (or holding period retu..
Expense Recognition: Applying U.S GAAP indicate the amount of expenses the firm recognizes during the months of june, july and august in each of the following hypothetical transactions. Pays $180,000 on July 1 for the one year’s rent on a warehouse b..
On March 1, Bunker Hill Company purchased a new stamping machine with a list price of $70,000. The company paid cash for the machine; therefore, it was allowed a 5% discount. Other costs associated with the machine were: transportation costs, $1,300;..
Return on assets. Return on equity. Average stockholders' equity. Assuming that both Chase and Conor are in the same industry, which company appears to be the better investment and why?
The asset side of the 2013 balance sheet for Leggett & Platt is below. The company reported cost of sales of $2,998.8 million in 2013 and $2,959.4 million in 2012. Calculate common-sized inventories for both years and comment on any differences that ..
While there are a variety of management tools that are available to managers, choosing only one tool is best in the best decision making process to allow for consistency. The art of decision making may be perfected with time, as all decisions are rel..
Nikels prepares its statement of cash flows using the direct method. If Nikels sells equipment for a gain of $35,000 when the book value is $100,000 what amount will be reported on the statement of cash flows operating activities section related to t..
Based upon your analysis in part a, does teh company's liquidity appear to have increased or decreased during the most recent fiscal year?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd