Chapter 3, Problem 5BE

Financial Accounting please solve this problem

Create same table for the below info - ensure that the journal entries in the table balances just like the example.Thanks FlagStaff Ltd has a defined benefit pension plan for its employees. The company is considering introducing a defined benefit contribution plan, which will be available to all incoming staff. Although the defined benefit plan is now closed to new staff, the fund is active for all employees who have tenure with the company. In 2020, the following actuarial report was received for the defined benefit plan:   2020/$ Present value of the defined benefit obligation 31 December 2019 18 000 000 Past Service Cost 4 000 000 Net interest        ? Current service cost  600 000 Benefits paid   2 000 000  Actuarial gain/loss on DBO ? Present value of the defined benefit obligation 31 December 2020 21 000 000 Fair value of plan assets at 31 December 2019 17 000 000 Return on plan assets        ? Contributions paid to the plan during the year    1 500 000 Benefits paid by the plan…

Greenwood Enterprises has a contribution margin ratio of 30%. The company is considering a proposal that will increase sales by $200,000. What increase in profit can be expected if total fixed costs increase by $40,000?

Need correct solutions.. can you please help me? (general account)

Cost chair price? Account?

An auditor has concluded that substantial doubt exists and that the client will not be able to meet its obligations as they become due for a reasonable period of time.Financial statement and footnote disclosures are adequate, detailing the conditions, events, and management's plans to alleviate the doubt. However, the CPA believes that substantial doubt remains. The CPA must add a Going Concern section to the audit report, discussing the Substantial Doubt. How should the audit opinion be modified?a. No modification.b. A qualified opinion.c. An adverse opinion.d. A disclaimer of opinion. is the correct answer a or c?

what is the cost price of a chair?

Answer

Total fixed costs?