Data for 2010 were as follows: PBO, Jan 1, $241,000 and Dec 31, $279,000; pension plan assets (fair value) Jan 1, $184,000, and Dec 31, $237,000. The projected benefit obligation was underfunded at the end of 2010 by? a. $57,000 b. $ 38,000 c. $ 53,000 d. $ 42,000
Q: If you give me wrong answer I will give you unhelpful rate
A: To calculate the amount of sales, we can use the NWC (Net Working Capital) Turnover ratio formula:…
Q: Accounting need help
A: Step 1:- Define Earnings Per ShareEarnings per share (EPS) is a fundamental financial metric that…
Q: General accounting
A: Calculate Earnings per Share (EPS)EPS measures the amount of net income earned per share of stock.…
Q: Solve this accounting question
A: Step 1: Define Rate of ReturnThe rate of return on an investment is its profit or loss divided by…
Q: ! Required information Return to question [The following information applies to the questions…
A:
Q: The Individual financial statements for Abbey Company and Bellstar Company for the year ending…
A: ---Consolidation Worksheet for the Year Ending December 31, 2024| Account…
Q: Cherboneau Novelties produces drink coasters (among many other products). During the current year…
A:
Q: I need help.
A: First, let's organize the cost information:Beginning WIP: $1,050 ($250 + $800)Added this month:…
Q: Need answer the accounting question
A: Step 1: Define Return on Equity (ROE)The return on equity (ROE) ratio is a profitability ratio that…
Q: What is the actual total direct materials cost for the current period?
A: Step 1: Define Standard CostThe standard cost is the benchmark that a company set to produce one…
Q: 29 2288 30 30 M. Smith £118. paid the following by cheque: F. Hood Received cheques from: R. Pleat…
A: Hope you find the answer useful
Q: Borod Ltd started business early in 2013. During its first 9 months, Borod Ltd acquired real estate…
A: First, we need to analyze each transaction and determine which category it falls into. The…
Q: Can you please answer the accounting question?
A: Step 1: Define Accrued ExpensesAccrued expenses are expenses that have been incurred but have not…
Q: Hello tutor Please provide Solutions get answer
A: Step 1:- Define AssetsThe term used to describe the resources of an organization is "assets." Assets…
Q: The Absolute Zero co. Just issued a dividend of $3.20 per share on its common stock.
A:
Q: None
A: Average Collection Period = 365*(Accounts Receivable/Net Sales)30 = 365*(4.30/Net Sales)30/365 =…
Q: You want your all-equity (no debt) firm to provide a return on equity of 13.5%. If total assets are…
A: Explanation for A: As per the formula of Return on Equity (ROE):ROE = Net income/Total shareholders'…
Q: The Windsor Inc., a manufacturer of low-sugar, low-sodium, low-cholesterol TV dinners, would like to…
A: To be able to determine which building is recommended, we must compute for the NPV of each option.…
Q: Provide an example of a situation in which the performance of tests of controls for the internal…
A: Detailed explanation: A substance that has to do with tests of controls can provide a rich source of…
Q: Need Answer Of This Question Please Need help about this Question with Explanation
A: Step 1: Definition of Sales:Sales refer to the amount earned through selling the goods of a company…
Q: rmn
A: To compute the Adjusted Gross Income (AGI) on Mr. and Ms. Gilbert's joint return, we need to…
Q: Provide solution
A: If you have any problem let me know in comment section thank you.
Q: Don't use AI.
A: Required 1Age GroupComputationEstimated Amount UncollectibleNot yet due55,000 x 3%1,6500-60 days…
Q: Hi expart Provide solution for this general accounting question
A: Step 1: Define Trade CreditIt is a type of financing by the use of accounts payable to pay the…
Q: Provide answer the accounting question with step by step calculation
A: Step 1: Define Fixed CostThe term fixed cost is an expense that does not fluctuate as the quantity…
Q: b
A: Step 1: Calculation of Net Loss—AOCI:Net Loss - AOCIDateParticularsDebitCreditJan 1, 2021Beginning…
Q: Financial Accounting
A: Step 1: Define Cost of Equity and TaxesThe cost of equity of a company is higher than its cost of…
Q: None
A: To calculate the company's accounts receivable, we need to determine the average collection period…
Q: General Accounting
A: Step 1: Define Net IncomeNet income is the sum of money earned by an individual or corporation over…
Q: When a company declares a cash dividend, the following accounts are affected: a) Assets and Revenue…
A: Explanation of Cash Dividend:A cash dividend is a payment made by a company to its shareholders as a…
Q: General Accounting
A: Step 1: Define Note ReceivableIt refers to the promissory note that reports the amount an…
Q: Accounting. The weaver manufacturing company incurred direct labour cost
A: Step 1:- Define Cost of SalesCost of sales can be said as the total amount of all costs involved in…
Q: What is the firms ROE?
A: A company's profitability in relation to its equity is gauged by its Return on Equity (ROE). It…
Q: 7.3 Big Co. owns 60% of Little Co, and uses the full equity method to account for their…
A: Step 1: Step 2: Step 3: Step 4:
Q: Provide step by step calculation and give correct answer
A: Step 1: Define Net Profit MarginNet profit margin expresses net profit as a percentage of sales. A…
Q: If the w. king papers correlating with this textbook are not used, omit Problem 4-4B. per accounts…
A: First, we need to complete the end-of-period spreadsheet using the adjustment data provided. This…
Q: Solve this accounting problem
A: Step 1: Define Cost AccountingCost accounting is a major field of accounting. Cost accounting helps…
Q: General Accounting
A: Step 1: Define Standard CostAn expected cost derived through empirical data analysis for…
Q: Accounting NPBT
A: Step 1:- Define Profit MarginThe income statement for a firm shows the costs incurred, sales made,…
Q: Need help with this accounting question
A: Step 1: Define Salary PayableSalary payable is a current liability account as a company typically…
Q: Can you answer this accounting question?
A: Step 1: Introduction to the Contingent EmployeeEmployees working for the company freelancing basis…
Q: Need help with this question
A: Step 1: Compute the units completed and transferred out during the period by using the following…
Q: Research Problem 2. Sean Moon is president, secretary, treasurer, sole director, and sole…
A: Here's a detailed explanation for better understanding. Key points to consider:Sean's Role and…
Q: Need correct answer
A: Explanation of Common Stock: Common stock represents ownership in a corporation and grants…
Q: Please Give Answer Of Accounting Question
A: Step 1: Definition of Applied Overhead Cost:Overhead cost is applied in the production by debiting…
Q: Not considered a fixed asset?
A: Step 1: Introduction to accountingAccounting is defined as the process of recording business…
Q: I need help.
A: Approach to solving the question: For ease of understanding, I have provided solutions in both…
Q: Question 2 Presented below are the year-end balances at December 31 of Fast Forward. (All accounts…
A: Approach to solving the question:For ease of understanding, I have provided solutions in both text…
Q: Accounting
A: Explanation of Notes Payable (due in 2 years):Notes Payable refers to written promises to pay a…
Q: General Accounting
A: The solution begins by calculating the growth rate for Dalton Inc., which is determined using the…
Data for 2010 were as follows:
Step by step
Solved in 2 steps
- The following information relates to Oriole, Incorporated: Plan assets (at fair value) Pension expense Projected benefit obligation Annual contribution to plan Accumulated OCI (PSC) For the Year Ended December 31, ○ $0. O $540000. O $2460000. O $174000. 2025 $1608000 765000 1980000 810000 630000 2026 $2286000 594000 2460000 594000 540000 The amount reported as the liability for pensions on the December 31, 2026 balance sheet isCharlton Company provided the following information concerning a defined benefit plan at the beginning ofcurrent year prior to the adoption of revised PAS 19:Debit CreditFair value of plan assets 4,750,000Unamortized past service cost 1,250,000Projected benefit obligation 5,500,000Unrecognized actuarial gain 850,000The transactions for the current year relating to the defined benefit plan are as follows:Current service cost 925,000Discount rate 6%Actual return on plan assets 485,000Contribution to the plan 1,350,000Benefits paid to retirees 995,000Increase in projected benefit obligation due to changes in actuarial assumptions 150,000Effective in the current year, the entity has applied the provisions of revised PAS 19 in relation to the definedbenefit plan. 18. Prepare journal entry to record the employee benefit expense.19. Compute for the Fair Value Plan Asset (FVPA) as of December 31.20. Compute for the projected benefit obligation on December 31.How much defined benefit cost shall be taken to other comprehensive income?
- The following information is related to the defined-benefit pension plan of a company for 2021. Amortization of OCI-gain $87,700 Amortization of OCI-prior service cost 151,000Contributions to the plan 235,000Interest on projected benefit obligation 363,000Service cost 550,890Expected return on plan assets 258,000Actual return on plan assets is the sameas expected return 258,000Benefits distributed 148,000 Pension expense for 2021 is $__________.Analyzing Changes in Plan Assets and PBO The following information pertains to a company’s defined benefit plan. Balance Fair value of plan assets, Jan. 1, 2020 $2,000 Dr. Fair value of plan assets, Dec. 31, 2020 2,250 Dr. Projected benefit obligation, Jan. 1, 2020 2,000 Cr. Net pension asset (liability), Dec. 31, 2020 80 Cr. Activity 2020 Actual return on plan assets $120 Contributions to plan assets 180 Service cost 200 Other Discount rate 8% Expected rate of return on plan assets 7% Required a. Calculate benefits paid to retirees in 2020. Note: Do not use a negative sign with your answer.$Answer b. Calculate any actuarial gain or loss on the PBO in 2020.Note: Use a negative sign to indicate a loss. $AnswerKk.5
- 1.) Manno Corporation has the following information available concerning itsdefined-benefit pension plan for 2020.See pictureYou gathered the following information related to Ashley Company’s the defined benefit plan for the current year ended December 31: Fair value of plan assets: P2,100 million at January 1, and P2,300 million at December 31 Present value of obligation to provide benefits: P2,200 million at January 1, and P2,600 million at December 31 Contributions paid to the fund: P80 million Benefits paid to retired employees: P50 million The defined benefit cost for the year is A P250 million B P280 million C P200 million D P120 millionrane importers provides the following pension plan Fair value of pension plan assets, January 1, 2025 Fair value of pension plan assets, December 31, 2025 Contributions to the plan in 2025 Benefits paid retirees in 2025 Tormation. Actual return on plan assets for 2025 $ $2,575,000 2,914,000 299,000 366,000 From the data above, compute the actual return on the plan assets for 2025.
- Tesla, Inc. sponsors a defined-benefit pension plan. The following data relates to theoperation of the plan for the year 2021.Service cost $ 545,000Contributions to the plan 330,000Actual return on plan assets 270,000Projected benefit obligation (beginning of year) 3,600,000Fair value of plan assets (beginning of year) 2,400,000The expected return on plan assets and the settlement rate were both 10%. The amountof pension expense reported for 2021 isa. $545,000.b. $635,000.c. $665,000.d. $905,000.The following information is related to the defined benefit pension plan of a company for 2021. Amortization of prior service cost $176,000 Contributions to the plan 123,000 Expected return on plan assets 279,000 Interest on projected benefit obligation 327,000 Service cost 634,000 Actual return on plan assets 248,000 Amortization of net (or OCI) gain 85,700Pension expense for 2021 is $__________.Under the defined-benefit pension plan for a company, the expected return on plan assets is $124,000 and actual return on plan assets is $269,000 in 2021. To record the unexpected gain/loss due to asset returns, the company will (enter 1, 2, 3, or 4 that represents the correct answer): Debit Other Comprehensive Income-Gain/Loss Credit Pension Expense Debit Pension Expense Debit Plan Assets