Fundamental Managerial Accounting Concepts with Access
Fundamental Managerial Accounting Concepts with Access
7th Edition
ISBN: 9781259683770
Author: Edmonds
Publisher: MCG
Question
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Chapter 10, Problem 1ATC

a.

To determine

Ascertain the gross pension liability of the state pension plan at 8% rate of return.

b.

To determine

Ascertain the gross pension liability of the state pension plan at 6% rate of return.

c.

To determine

Explain the reason why states may wish to assume a higher rate of return on their pension plan’s investment than actuaries might recommend.

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Please give me correct answer this financial accounting question
Assume a federal agency has the following events: Receives a warrant from the Treasury notifying the agency of appropriations of $5,350,000. OMB apportions one-fourth of the appropriation for the first quarter of the year. The director of the agency allots $1,202,000 to program units. Program units place orders of $865,000. Supplies ($141,500) and services ($582,500) are received during the first quarter. Supplies of $130,000 were used in the quarter. Accounts payable were paid in full. Required: Prepare a schedule showing the status of the appropriation at the end of the first quarter.
What is the payable deferral period on these financial accounting question?

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Fundamental Managerial Accounting Concepts with Access

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