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NorthEastern Logistics Inc. has PBO balance of $450,000 and Plan Assets balance of $ 420,000 on Jan 1, 2015. Actuarial valuation of PBO at Dec 31, 2013 was $520,000. Service cost for 2015 was $20,000 and expected rate of return and settlement rate was 10%. Assuming that expected and actual return were same, how much NorthEastern should report as OCI Gain/Loss for 2015
Unexpected Gain of $5,000
Unexpected Loss of $5,000
Unexpected Loss of $70,000
None of the above
Prepare a complete depreciation table under the straight-line method. Assume that a full year of depreciation was taken in 2015
on 1st may 2007 mosby company received an order to trade a machine to a customer in canada at a price of 2000000
The exchange is deemed to lack commercial substance. The fair value of the truck received was $45,000. Illustrate at what amount should Escape record its new tractor?
Explain how activity based costing could overcome the deficiencies in the existing costing system -activity based costing to develop the cost for each activity centre.
"The mission of the FASB is to establish and improve standards of financial accounting and reporting that foster financial reporting by nongovernmental entities that provides decision-useful information to investors and other users of financial re..
calculation of carrying amount of an asset.1.water company owns 80 percent of fire companys outstanding common stock.
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As the senior accountant at JB Hi-Fi the management has requested you to depreciate the system over 10 years with a $4 million residual value using the straight line method.
Multi-national corporations can use transfer pricing to adjust costs in transactions involving the transactions between divisions in different countries. There may be a tax consequence. Is this ethical?
What clinical manifestations are present in Ms. G and what recommendations would you make for continued treatment and identify the muscle groups likely to be affected by Ms. G's condition by referring to "ARC: Anatomy Resource Center.
Compute the inventory amount at December 31, 2013, 2014, and 2015 using the dollar-value LIFO inventory method for each year. (Round all amounts to the nearest dollar, 10 points each)
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