600,000 80,000 70,000 120,000 10,000 200,000 30,000 20,000 Inventories Short-term Liabilities Prepaid insurance Accounts payable Accounts receivable Building, net Cash Common stock 14,000 20,000 10,000 30,000 20,000 200,000 206,000 750,000 Land Unearned revenues Income tax expense Computer equipment, net Interest expense Service revenue COGS Other expense The beginning of the year amount of retained earnings was $300,000 (amount on January 1, 2014), and during the year dividends totaled $80,000. Required: Prenare the income statement of ABR Comoration for the year cnded Dec 31 2014

600,000 80,000 70,000 120,000 10,000 200,000 30,000 20,000 Inventories Short-term Liabilities Prepaid insurance Accounts payable Accounts receivable Building, net Cash Common stock 14,000 20,000 10,000 30,000 20,000 200,000 206,000 750,000 Land Unearned revenues Income tax expense Computer equipment, net Interest expense Service revenue COGS Other expense The beginning of the year amount of retained earnings was $300,000 (amount on January 1, 2014), and during the year dividends totaled $80,000. Required: Prenare the income statement of ABR Comoration for the year cnded Dec 31 2014

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter22: S Corporations

Section: Chapter Questions

Problem 9DQ

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Presented here are the financial statements of Sunlard Cornpany.SINI.AND COWANYConvaratWeD«rnber 31CashAccounts receivableInventccyProperty. plant. equipmentAccumu lated depreciationTotalLiabilities and Stockholders' EquityAccounts payableIncome taxes payableBonds payableCommon stockRetained earningsTotal537.400329003060059.700(29.100)"31500S2&3007.50027.9001860049.200S1315002021S20.soo20.00077.900(23500)S113000s 16.5003280014.20041300Silaooo
Whatiseachofthefollowinginvestmentsworthtodayassuminganannualdiscountrateof 7%? ABritishgovernmentConsolpaying£60annually.
20. Total current liabilities a. P6,445,000 b. P5,105,000 c. P5,445,000 d. P3,945,000 21. Total noncurrent liabilities a. P7,700,000 b. P7,590,000 c. P7,500,000 d. P7,610,000
None
The assects of fir 60000 ad capital 450000 it’s liabilities are
Compute the net substantial replacement value: a. P4,200 b. P3,600 c. P3,000 d. P5,400
4. Information on an entity's plan assets is shown below: 341,000 Fair value of plan assets, Jan. 1 Contributions to the retirement fund during the year 32,000 Benefits paid to retirees 89,000 Actuarial loss 50,000 Fair value of plan assets, Dec. 31 335,000 How much is the return on plan assets during the year? a. 51,000 b. 81,000 c. 101,000 d. 1,000
What is the fair value of plan assets at year-end? 3650000 4650000 4900000 5850000 What is the net remeasurement of the defined benefit plan for the current year? 500 000 gain 500 000 loss 300 000 gain 300 000 loss What amount should be reported as accrued benefit cost at year-end? 2 000 000 1 500 000 1 750 000 500 000
6. Net Benefit Expense for 20x6 7. Net Benefit Expense for 20x7 8. The Gain/(Loss) attributable to the FVPA for 20x8. 9. The Gain/(Loss) attributable to the Defined Benefit Obligation for 20x9. 10. The Debit/(Credit) to Other Comprehensive Income for 20x9.
Testbank Exercise 112 The following information is for the pension plan for the employees of Oriole, Inc. 12/31/20 12/31/21 Accumulated benefit obligation $2,740,000 $3,700,000 Projected benefit obligation 3,040,000 3,940,000 Fair value of plan assets 3,070,000 3,570,000 AOCI - Net (gain) or loss (365,000) (420,000) Settlement rate 7% 7% Expected rate of return 6% 5% Oriole estimates that the average remaining service life is 15 years. Oriole's contribution was $472,000 in 2021 and benefits paid were $230,000. Calculate the interest cost for 2021. Interest cost for 2021 $ LINK TO TEXT Calculate the actual return on plan assets in 2021. Actual return on plan assets for 2021 $ LINK TO TEXT Calculate the unexpected gain…
What amount will be presented on the balance sheet for fiscal 2020? Fiscal 2019 Fiscal 2020 Fair value of pension plan assets Accrued pension obligation Contributions Benefits O A. $8,000,000 B. $3,000,000 deficit OC. $5,000,000 O D. $3,000,000 surplus $50,000,000 60,000,000 7,000,000 8,000,000 $45,000,000 42,000,000 10,000,000 8,000,000
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