The value of total pension cost for the year. Given information: Fair value of plan assets at the beginning is $1,006,902. Value of PBO at the beginning is $1,043,692. Service cost is $58,084. Interest on PBOat the beginning is $135,680. Expected rate on plan assets is 9%. Actual return on plan assets is $84,500. Contribution for the year is $92,612. Benefit paid for the year is $48,672. Amortization of prior service cost rate is 20%. Actuarial loss is $18,252.

Question

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Answer 1

Question

Chapter 19, Problem 19.8P

a.

To determine

The value of total pension cost for the year.

Given information:

Fair value of plan assets at the beginning is $1,006,902.

Value of PBO at the beginning is $1,043,692.

Service cost is $58,084.

Interest on PBOat the beginning is $135,680.

Expected rate on plan assets is 9%.

Actual return on plan assets is $84,500.

Contribution for the year is $92,612.

Benefit paid for the year is $48,672.

Amortization of prior service cost rate is 20%.

Actuarial loss is $18,252.

b.

To determine

To prepare: The T account for the accumulated other comprehensive income account.

Given information:

Fair value of plan assets at the beginning is $1,006,902.

Value of PBO at the beginning is $1,043,692.

Service cost is $58,084.

Interest on PBOat the beginning is $135,680.

Expected rate on plan assets is 9%.

Actual return on plan assets is $84,500.

Contribution for the year is $92,612.

Benefit paid for the year is $48,672.

Amortization of prior service cost rate is 20%.

Actuarial loss is $18,252.

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x pg | Hc Ho Le We Bai Ba FA Ma Me Lo Lo | zto.mheducation.com/ext/map/index.html?_con con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%252Fltiwr ent 01 k Saved As of December 31, Year 1, Moss Company had total cash of $164,000, notes payable of $86,400, and common stock of $53,200. During Year 2, Moss earned $44,000 of cash revenue, paid $24,000 for cash expenses and paid a $3,800 cash dividend to the stockholders. Required a. Determine the amount of retained earnings as of December 31, Year 1. b. & c. In the accounting equation table, record the beginning account balances, revenue, expense, and dividend events under the appropriate headings of the accounting equation. d. Complete the table below to prove the equality of the accounting equation as of December 21, Year 2.1 e. Identify the beginning and encing balances in the Cash and Common Stock accounts. Enter the effect of each transaction on these accounts tu demonstrate why the beginning and…

Answer 2

Question

Chapter 19, Problem 19.8P

a.

To determine

The value of total pension cost for the year.

Given information:

Fair value of plan assets at the beginning is $1,006,902.

Value of PBO at the beginning is $1,043,692.

Service cost is $58,084.

Interest on PBOat the beginning is $135,680.

Expected rate on plan assets is 9%.

Actual return on plan assets is $84,500.

Contribution for the year is $92,612.

Benefit paid for the year is $48,672.

Amortization of prior service cost rate is 20%.

Actuarial loss is $18,252.

b.

To determine

To prepare: The T account for the accumulated other comprehensive income account.

Given information:

Fair value of plan assets at the beginning is $1,006,902.

Value of PBO at the beginning is $1,043,692.

Service cost is $58,084.

Interest on PBOat the beginning is $135,680.

Expected rate on plan assets is 9%.

Actual return on plan assets is $84,500.

Contribution for the year is $92,612.

Benefit paid for the year is $48,672.

Amortization of prior service cost rate is 20%.

Actuarial loss is $18,252.

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Answer 3

Question

Chapter 19, Problem 19.8P

a.

To determine

The value of total pension cost for the year.

Given information:

Fair value of plan assets at the beginning is $1,006,902.

Value of PBO at the beginning is $1,043,692.

Service cost is $58,084.

Interest on PBOat the beginning is $135,680.

Expected rate on plan assets is 9%.

Actual return on plan assets is $84,500.

Contribution for the year is $92,612.

Benefit paid for the year is $48,672.

Amortization of prior service cost rate is 20%.

Actuarial loss is $18,252.

b.

To determine

To prepare: The T account for the accumulated other comprehensive income account.

Given information:

Fair value of plan assets at the beginning is $1,006,902.

Value of PBO at the beginning is $1,043,692.

Service cost is $58,084.

Interest on PBOat the beginning is $135,680.

Expected rate on plan assets is 9%.

Actual return on plan assets is $84,500.

Contribution for the year is $92,612.

Benefit paid for the year is $48,672.

Amortization of prior service cost rate is 20%.

Actuarial loss is $18,252.

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Answer 4

Question

Chapter 19, Problem 19.8P

a.

To determine

The value of total pension cost for the year.

Given information:

Fair value of plan assets at the beginning is $1,006,902.

Value of PBO at the beginning is $1,043,692.

Service cost is $58,084.

Interest on PBOat the beginning is $135,680.

Expected rate on plan assets is 9%.

Actual return on plan assets is $84,500.

Contribution for the year is $92,612.

Benefit paid for the year is $48,672.

Amortization of prior service cost rate is 20%.

Actuarial loss is $18,252.

b.

To determine

To prepare: The T account for the accumulated other comprehensive income account.

Given information:

Fair value of plan assets at the beginning is $1,006,902.

Value of PBO at the beginning is $1,043,692.

Service cost is $58,084.

Interest on PBOat the beginning is $135,680.

Expected rate on plan assets is 9%.

Actual return on plan assets is $84,500.

Contribution for the year is $92,612.

Benefit paid for the year is $48,672.

Amortization of prior service cost rate is 20%.

Actuarial loss is $18,252.

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Answer 5

Chapter 19, Problem 19.8P

a.

To determine

The value of total pension cost for the year.

Given information:

Fair value of plan assets at the beginning is $1,006,902.

Value of PBO at the beginning is $1,043,692.

Service cost is $58,084.

Interest on PBOat the beginning is $135,680.

Expected rate on plan assets is 9%.

Actual return on plan assets is $84,500.

Contribution for the year is $92,612.

Benefit paid for the year is $48,672.

Amortization of prior service cost rate is 20%.

Actuarial loss is $18,252.

b.

To determine

To prepare: The T account for the accumulated other comprehensive income account.

Given information:

Fair value of plan assets at the beginning is $1,006,902.

Value of PBO at the beginning is $1,043,692.

Service cost is $58,084.

Interest on PBOat the beginning is $135,680.

Expected rate on plan assets is 9%.

Actual return on plan assets is $84,500.

Contribution for the year is $92,612.

Benefit paid for the year is $48,672.

Amortization of prior service cost rate is 20%.

Actuarial loss is $18,252.

Answer 6

Chapter 19, Problem 19.8P

a.

To determine

The value of total pension cost for the year.

Given information:

Fair value of plan assets at the beginning is $1,006,902.

Value of PBO at the beginning is $1,043,692.

Service cost is $58,084.

Interest on PBOat the beginning is $135,680.

Expected rate on plan assets is 9%.

Actual return on plan assets is $84,500.

Contribution for the year is $92,612.

Benefit paid for the year is $48,672.

Amortization of prior service cost rate is 20%.

Actuarial loss is $18,252.

Answer 7

Chapter 19, Problem 19.8P

a.

To determine

The value of total pension cost for the year.

Given information:

Fair value of plan assets at the beginning is $1,006,902.

Value of PBO at the beginning is $1,043,692.

Service cost is $58,084.

Interest on PBOat the beginning is $135,680.

Expected rate on plan assets is 9%.

Actual return on plan assets is $84,500.

Contribution for the year is $92,612.

Benefit paid for the year is $48,672.

Amortization of prior service cost rate is 20%.

Actuarial loss is $18,252.

Answer 8

b.

To determine

To prepare: The T account for the accumulated other comprehensive income account.

Given information:

Fair value of plan assets at the beginning is $1,006,902.

Value of PBO at the beginning is $1,043,692.

Service cost is $58,084.

Interest on PBOat the beginning is $135,680.

Expected rate on plan assets is 9%.

Actual return on plan assets is $84,500.

Contribution for the year is $92,612.

Benefit paid for the year is $48,672.

Amortization of prior service cost rate is 20%.

Actuarial loss is $18,252.

Answer 9

b.

To determine

To prepare: The T account for the accumulated other comprehensive income account.

Given information:

Fair value of plan assets at the beginning is $1,006,902.

Value of PBO at the beginning is $1,043,692.

Service cost is $58,084.

Interest on PBOat the beginning is $135,680.

Expected rate on plan assets is 9%.

Actual return on plan assets is $84,500.

Contribution for the year is $92,612.

Benefit paid for the year is $48,672.

Amortization of prior service cost rate is 20%.

Actuarial loss is $18,252.

Answer 10

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Answer 12

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Answer 13

Ch. 19 - What is the allocation period used to expense...Ch. 19 - How do companies account for stock-based...Ch. 19 - Do companies with equity-based compensation plans...Ch. 19 - When accounting for employee stock options, will a...Ch. 19 - Prob. 19.5Q Ch. 19 - Prob. 19.6Q Ch. 19 - Prob. 19.7Q Ch. 19 - Prob. 19.8Q Ch. 19 - Prob. 19.9Q Ch. 19 - Prob. 19.10Q

Solution Summary: The author calculates the value of the total pension cost for the year ending amount of 120,092.

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