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!
Lewis Industries adopted a defined benefit pension plan on January 1, 2013. By making the provisions of the plan retroactive to prior years, Lewis incurred a prior service cost of $4 million. The prior service cost was funded immediately by a $4 million cash payment to the fund trustee on January 2, 2013. However, the cost is to be amortized (expensed) over 10 years. The service cost-$210,000 for 2013-is fully funded at the end of each year. Both the actuary's discount rate and the expected rate of return on plan assets were 9%. The actual rate of return on plan assets was 11%. At December 31, the trustee paid $16,000 to an employee who retired during 2013.Required:
Determine each of the following amounts as of December 31, 2013, the fiscal year-end for Lewis: (Enter your answers in whole dollars.)
Balance at December 311. Projected benefit obligation 2. Plan assets 3. Pension expense
A house worth $70,000 is purchased with a down payment of $20,000 and a mortgage amortized over 20 years. If the interest rate is 14% compounded semi- annually;
calculate lead time michigan machining company machines metal parts for the automotive industry. under the traditional
What should be the reported net asset balance of the following categories during 2011: permanent restricted, temporarily restricted, unrestricted.
Are the materials costs and processing costs relevant in the choice between alternatives A and B? (Ignore the equipment rental and occupancy costs in this question.)
How much is the base amount to which the percentage limitation should be applied in computing the maximum deduction for the charitable contribution
Contract law is the basis for the legal liability at common law of an auditor to his/her client. From which of the following may the auditor's liability arise?
Sigma company applies overhead cost to jobs on the basis of direct labour cost. Job A,which was started and completed during the current period,shows charges of 5,000 for direct materials,8000 for direct labour,and 6,000 for overhead on its job co..
on august 31 2010 merry company acquired four 1000 face value bonds with a 10 interest rate at face value plus accrued
Prepare the 2009 journal entries for all of the following transactions and adjustments. Show full computations. You can ignore dates if not given. Round all amounts to nearest dollar.
in your personal investment portfolio what have you done to minimize unsystematic risk? has it been successful? explain
Hanson Company uses a periodic inventory system. For 2012, its beginning inventory was $74,000; purchases of inventory were $328,000; and inventory at the end of the period was $89,000. What was the amount of Hanson's cost of goods sold for 2012?
please answer questions one below and the other attached1presented below are three independent situations. solve below
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