User Account

All Pages

Calculate Okner pension expense

Assignment Help Accounting Basics
Reference no: EM132593972

Question - Okner Inc. sponsors a defined benefit plan. The company provides the following information:

On December 31, 2020, plan assets were $270,000.

The projected benefit obligation on December 31, 2020 was $270,000.

During 2021, service cost was $30,000, and the settlement rate was 10% (use beginning projected benefit obligation (PBO)).

Benefits paid in 2021 were $21,000 and contributions were $18,000.

Required -

1) Calculate Okner's pension expense for 2021

2) What are the balances of the projected benefit obligation and the plan assets at the end of 2021?

Reference no: EM132593972

Questions Cloud

Prepare the parts of the cost of production report : Prepare the parts of the cost of production report a quantity schedule showing the computation of equivalent units and cost per equivalent unit for the month.
Which would not be found on the income statement : Which would NOT be found on the income statement of a manufacturer? Operating Expenses./ Cost of Goods Sold./ Raw Materials
Provide examples of the expectations of the accountant : Explain to Trap's hiring team the role of accountant and accounting within business. Provide examples of the expectations of the accountant
Determine what is the cost of goods manufactured : What is the cost of goods manufactured? Work in Process Inventory, December 31 - $126,800. Finished Goods Inventory, December 31 - $239,600.
Calculate Okner pension expense : During 2021, service cost was $30,000, and the settlement rate was 10% (use beginning projected benefit obligation (PBO)). Calculate Okner pension expense
Your role-health record analyst : Using the attached Medical Staff Bylaws and Rules and Regulations, create a template that shows all the physician documentation requirements
What could do to accomplish shifting the reporting period : If the performance in Yr. 2 is expected to be much higher (say) 120% of budget. What could he do to accomplish shifting the reporting period?
Which would not be included in manufacturing overhead : Which would NOT be included in manufacturing overhead? Salaries for janitors working in the factory./ Maintenance for factory equipment
Make the Single-Step Income Statement for the fiscal year : Make the Single-Step Income Statement for the fiscal year. There are additional lines in formatted income statement form to allow for authorized presentations

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd