Compute the amount of net gain or loss amortized

Assignment Help Accounting Basics
Reference no: EM132014000

Question - Kenseth Corp. has the following beginning-of-the-year present values for its projected benefit obligation and market-related values for its pension plan assets.


Projected Benefit Obligation

Plan Assets Value

2013

$2,000,000

$1,900,000

2014

2,400,000

2,500,000

2015

2,950,000

2,600,000

2016

3,600,000

3,000,000

The average remaining service life per employee in 2013 and 2014 is 10 years and in 2015 and 2016 is 12 years. The net gain or loss that occurred during each year is as follows: 2013, $280,000 loss; 2014, $90,000 loss; 2015, $11,000 loss; and 2016, $25,000 gain.

Using the corridor approach, compute the amount of net gain or loss amortized and charged to pension expense in each of the four years, setting up an appropriate schedule.

Reference no: EM132014000

Questions Cloud

Analyze predictive sdlc versus adaptive sdlc : Analyze predictive SDLC versus adaptive SDLC. Ascertain at least two (2) advantages and two (2) disadvantages of each approach.
Compute the budgeted amounts : Shannon Company is planning to produce 1,500 units of product in 2014. Compute the budgeted amounts for 2014 for direct materials to be used
Pennsylvania department of health : What should have been the first step in the Legionnaires disease outbreak that the Pennsylvania Department of Health should have followed?
Differences of opinion in the field of psychology : There are significant differences of opinion in the field of psychology on how to achieve a personality assessment
Compute the amount of net gain or loss amortized : Compute the amount of net gain or loss amortized and charged to pension expense in each of the four years, setting up an appropriate schedule
Why is the second reaction so severe after a bug bite : About anaphylactic shock. Why is the second reaction so severe after a bug bite? What cells and molecules cause these problems?
Types of malnutrition in the united states : What are the most common types of malnutrition in the United States, and what are the geographical distribution of malnutrition within the U.S?
Social impacts due to higher electrical prices : Be sure to keep in mind things like environmental impacts but also issues relating to social impacts due to higher electrical prices.
Describe the difference between homospory and heterospory : Describe the difference between homospory and heterospory? Which of the two reproductive strategies is more advanced?

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.

  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!

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