Solution-Computation of pension cost and journal entries

Computation of pension cost and journal entries

Assignment Help Cost Accounting

Reference no: EM13553597

Computation of Pension Cost and Journal Entries

The accountants for Eden Financial Services provide you with the following detailed information at December 31, 2008. Based on these data, prepare the journal entries related to the accrual and funding of pension expense for 2008.

Service cost	$ 52,000
Actual return on pension plan assets	81,000
Interest cost	59,000
Excess of expected return over actual return on pension plan assets	15,000
Amortization of deferred pension loss from prior years	24,000
Amortization of prior service cost	36,000
Contribution to pension fund	100,000

Reference no: EM13553597

Questions Cloud

Explain what is the defenition of the word bond : What is the defenition of the word bond, family, group, and periodic table. my teacher told us to define these words. I tried dictionary.com and they dont have anything there. well they do, but not what i am looking for.

Explain nonionizing solute that is soluble in benzene : Biphenyl, C12H10, is a nonvolatile, nonionizing solute that is soluble in benzene, C6H6. at 25 degrees Celsius, the vapor pressure of pure benzene is 100.84 torr. what is the vapor pressure of a solution made from dissolving 10.1 g of biphenyl in ..

Estimate how much tension is on the rope : What is the formula for finding tension. The problem is there are 3 objects, M1=M2=M3, all of them are connected by rope. How much tension is on the rope in between M1 and M2

Pension cost computation : The actual return on pension plan assets for the year was $900,000. The ABO was $9,500,000 at the beginning of the year. Compute Fredco's net periodic pension expense for the year.

Computation of pension cost and journal entries : The accountants for Eden Financial Services provide you with the following detailed information at December 31, 2008. Based on these data, prepare the journal entries related to the accrual and funding of pension expense for 2008.

What is the initial acceleration of the point mass : a point mass, initially at rest, is released at a distance of 1.5e10m from the center of a neutron star whose mass is 3e30 kg. What is the initial acceleration of the point mass

Amortization of prior service cost-straight-line method : Compute the average remaining service life and the annual amortization of prior service cost for Osvaldo - prepare the formal summary journal entries relating to the pension plan for the current year.

Estimate at what rate does water flow through the pipes : A horizontal pipe 14.0 cm in diameter has a smooth reduction to a pipe 7.00 cm in diameter. at what rate does water flow through the pipes

Computing minimum pension liability : What is the amount of additional liability, if any, required to reflect the minimum pension liability - minimum pension liability should consider expected future salary levels rather than the current levels.

User Account

All Pages

Computation of pension cost and journal entries

Reference no: EM13553597

Reference no: EM13553597

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT