Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question: The Northeastern Company has a defined benefit pension plan. The company's actuary has determined that a loss has occurred at the beginning of Year 1 caused by demographic changes related to the composition of its workforce and revisions to life expectancy calculations. Northeastern uses the corridor approach to amortize unrecognized gains and losses. The following information relates to the actuarial loss:
Actuarial loss related to active employees. . . . . . . . . . . . . . . . . . . $315,000
Actuarial loss related to inactive/retired employees. . . . . . . . . . . . . 85,000
Total actuarial loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $400,000
Average remaining service lives of active employees. . . . . . . . . . . . 20 years
Average life expectancy of inactive/retired employees. . . . . . . . . . . 15 years
Required: Assume that the total loss of $400,000 is outside the corridor range. Calculate the amortization of the actuarial loss under
(a) IFRS and
(b) U.S. GAAP.
lori who is single purchased five-year class property for 150000 and seven-year class property for 400000 on may 20
Office Mart has assets equal to $123,000 and liabilities equal to $53,000 at year-end. What is the total equity for Office Mart at year-end?
an aging of a companys accounts receivable indicates that 4500 are estimated to be uncollectible. if allowance for
Give at least three examples of market failures, and how efficiency can be restored. Describe two distinct forms of "government failure" according to the textbook.
You go to web-site of Coca Cola and access its annual reports (Form 10 K) filings. For the most recent year reported: What is the number of shares authorized
general corporation employs a job order cost system. on may 1 the following balances were extracted from the general
You are required to manage the accounts receivables systems for the business. Create statements owing for all your customers as at the end of September 20XX. You may need to check the bank reconciliation statement to make sure the correct amounts are..
ACC 310 Fall 2013 Accounting Practice Set. This case is designed to reinforce certain technical accounting skills that are a prerequisite to a solid understanding of the generally accepted accounting principles that underlie preparation of general ..
Consider each of the following events, and discuss the effects they will have on the market clearing price and on the demand curve faced by the individual online rental firm.
Find the contribution margin per haircut. Assume that the barbers' compensation is a fixed cost. Show calculations to support your answer.
How can test be circumvented through either the structuring of the lease contract or interpretation of the test? What are other ways in which lease capitalization could be avoided through the structuring of lease terms or interpretation of the tes..
Selected accounts and related amounts for Drapery Land Co. for the fiscal year ended July 31, 2010, are presented in Problem 6-1B.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd