(1)
Pension plan: This is the plan devised by corporations to pay the employees an income after their retirement, in the form of pension.
Other postretirement benefits: The postretirement benefits which are provided by employers, other than pensions, like medical insurance, life insurance, and legal services, and healthcare benefits, are referred to as other postretirement benefits.
To indicate: The pension plans and other postretirement benefits sponsored by Corporation F
(2)
To mention: The amounts related to pension plans and postretirement plans that were reported on the 2015
(3)
To mention: Whether the actuarial assumptions used in pension computations decreased or increased the PBO
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GEN COMBO INTERMEDIATE ACCOUNTING; CONNECT ACCESS CARD
- Cost of goods sold?arrow_forwardanswer ?? general accounting questionarrow_forwardGemini Store has operated with a 30% average gross profit ratio for a number of years. It had $112,000 in sales during the second quarter of this year. If it began the quarter with $19,200 of inventory at cost and purchased $73,200 of inventory during the quarter, what is its estimated ending inventory by the gross profit method?arrow_forward