Comprehensive income for pension plan

Assignment Help Accounting Basics

Reference no: EM13127304

Barrel corporation had service and interest cost of $ 50,000 related to its defined pension plan for the year ended Dec 31, year 7. the company's for unrecognized prior service cost was $ 200,000 at Dec 31, year 6 an the average remaining service life of the company's employee was 20 years plan assets earned an expected and actual return of 10% during year 7. the company made contribution to the plan of $ 25,000 and paid benefit of $ 30,000 during the year. the pension plan had plan assets with a fair value of $300,000 at Dec 31, year 6. the PBO was $ 400,000 at Dec 31 year 6 and $420,000 at Dec 31 year 7. barrel's expected tax rate is 30 %.

What should barrel corporation report in accumulated other comprehensive income for this pension plan?

A. 133,000

B. 140,000

C. 190,000

D. 200,000

Reference no: EM13127304

Questions Cloud

Conduct an audit of the management information systems : You are required to conduct an audit of the management information systems used in a selected enterprise. You will analyse the enterprise's management information systems in terms of Porters competitive forces model.

Analysis of process capability : You are the process improvement manager and have developed a new machine to cut insoles for the company's top-of-the-line running shoes. You are excited because the company's goal is no more than 3.4 defects per million

Determine positive correlation : In your opinion, which one/s of these factors (independent variables) will have a negative correlation with bone density and which one/s will have a positive correlation?

What are the distinctions among them : Revenues, gains, and investments by owners are all increases in net assets. What are the distinctions among them?

Comprehensive income for pension plan : What should barrel corporation report in accumulated other comprehensive income for this pension plan?

Explain working with partition function and entropy : Working with partition function and entropy what is the ratio of the number of particles in the J= 14 to the J=4 level at a temperature of 1900 K?

What are distributive shares for each partner : What are distributive shares for each partner, assuming they all continue to hold their interest at the end of the year? What are Becky and Chuck’s distributive shares for the current year?

Determining complex inner product space proof : Suppose V is a complex inner product space and T: V --> V a linear operator. Use the results from parts (a) and (b) to show V = im(T) + ker (T*) = im(T*) + ker(T).

Find the probability that four or more are introverts : In a group of 6 computer programmers, what is the probability that none are introverts? What is the probability that 4 or more are introverts?

User Account

All Pages