Reference no: EM133000824
Problem - The following data pertains to a defined benefit (DB) pension plan:
defined benefit obligation, December 31, 2015 25,000
long-term interest rate on corporate bonds 10%
past service cost, December 31, 2016, benefits and liability reduced (1,200)
actuarial revaluation, December 31, 2016, change in mortality assumptions, increased liability 600
actual return on plan assets - 2016 2, 100
fair value of plan assets, December 31, 2015 16,000
funding payment at December 31, 2016 4,000
benefits paid to retirees - 2016 2,000
current service cost - 2016 1,900
Required -
1. Calculate the net defined benefit pension asset/liability at December 31, 2015.
2. For December 31, 2016, calculate the defined benefit obligation, fair value of plan assets and the net defined benefit pension asset or liability.
3. Calculate the three pension accounting elements and journal entries for service cost, net interest and revaluations for 2016.
|
What is the size of the quarterly payment
: Quarterly payments are to be made against a $47,500 loan at 5.95% compounded annually with a six-year amortization. What is the size of the quarterly payment
|
|
Determine the adjusted balances of bad debt expense
: Using the aging method, Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense.
|
|
Find the adjusted balances of accounts receivable
: At the end of the current year, Accounts Receivable has a balance of $4,375,000; Determine the amount of the adjusting entry for uncollectible accounts.
|
|
Why do investors care about the intrinsic value of stocks
: Why do investors care about the intrinsic value of stocks and when they buy, sell, or hold the stocks?
|
|
Calculate the defined benefit obligation
: For December 31, 2016, calculate the defined benefit obligation, fair value of plan assets and the net defined benefit pension asset or liability
|
|
What will the biggest issue with mm theory
: In terms of understanding the value of firm, what will the biggest issue with MM theory with taxes and debt?
|
|
How project would be best characterized as
: How project would be best characterized as? A state government is considering a construction project, the construction of a tunnel.
|
|
Risk adjusted rate on capital
: One of the vice presidents of Acorn Bank is preparing to extend a $1000,000 loan to his prime customer. He is proposing to charge a front fee of 0.15% and an ad
|
|
Conduct a vertical analysis
: Conduct a vertical analysis it is identified that 85% of the company expenses are incurred for salary - intern highly affected the profitability
|