User Account

All Pages

Determine the net loss or gain as of december 31

Assignment Help Accounting Basics
Reference no: EM131002811

Cahal-Michael Company has a postretirement health care benefit plan. On January 1, 2011, the following plan-related data were available:The rate of return on plan assets during 2011 was 10%, although it was expected to be 9%. The actuary revised assumptions regarding the APBO at the end of the year, resulting in a $39,000 increase in the estimate of that obligation.

Required:

1. Calculate any amortization of the net loss that should be included as a component of postretirement benefit expense for 2011.

2. Assume the postretirement benefit expense for 2011, not including the amortization of the net loss component, is $212,000. What is the expense for the year?

3. Determine the net loss or gain as of December 31, 2011.

Reference no: EM131002811

Questions Cloud

True values of the unknown parameters : First, con?rm that the true values of the unknown parameters are θ0 = 1 and θ1 = 2, by computing for each indicated value of xi, the theoretical responses ηi given by:
Write a subroutine that keeps prompting for a filename : Write a subroutine that keeps prompting for a filename until a valid file is entered by the user (print out "file found, thanks") or until five attempts have failed (print out "you did not enter a valid file name"). Call the subroutine from the main ..
Describe two devices incandescent lamps and diodes : What does it mean for two variables, such as current and potential, to have a linear relationship to each other? Describe two devices "incandescent lamps and diodes" in which current and potential do not follow Ohm's Law.
Weighted least squares estimates : Determine the maximum likelihood estimates of the parameters θ0 and θ1 in the two-parameter model, η = θ0 + θ1x Show that these are also similar to weighted least squares estimates. What are the weights in this case?
Determine the net loss or gain as of december 31 : Calculate any amortization of the net loss that should be included as a component of postretirement benefit expense for 2011.
What is the focal length of the concave lens : The image is formed on a screen 18 cm from the lens. You then place the concave lens halfway between the convex lens and the screen. To obtain a sharp image, you need to move the screen 15 cm further away from the lenses. What is the focal length ..
Locate one article in the csu online library : Locate one article in the CSU Online Library that addresses the topic of sacred Buddhist texts in connection with Buddhist involvement in social and political issues. Write a review of the article that includes the following elements:
Data set for the breaking strengths : Padgett and Spurrier (1990)8 obtained the following data set for the breaking strengths (in GPa) of carbon ?bers used in making composite materials.
Prepare the journal entry to record the expense : Calculate the postretirement benefit expense for 2011. Prepare the journal entry to record the expense.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Budgeted income statement

The company keeps no work-in-process inventory. What amount of sales revenue will be reported on the 20X4 budgeted income statement?

  Would that be handled similarly in united state gaap

How does BA account for "available-for-sale assets"? Is that consistent with U.S. GAAP? What is the amount of those investments as of March 31, 2009?

  Walker industries has a bond outstanding with 12 years to

walker industries has a bond outstanding with 12 years to maturity a 9 coupon paid semiannually and a 1000 par value.

  A person wanted to withdraw x rupees and y paise from the

a person wanted to withdraw x rupees and y paise from the bank. but cashier made a mistake and gave him y rupees and x

  Total amount on goodwill

The non controlling intrest shares of Float Corp. are not actively traded. What is the total amount on goodwill recognized at the date of acquisition?

  The financial statements of the melton manufacturing

the financial statements of the melton manufacturing company reports net sales of 300000 and accounts receivable of

  What are the differences between fair value cash flow and

what are the differences between fair value cash flow and foreign currency hedges? what is the difference between

  List any qualitative factors that you think management

smoluk mining co. is currently operating less than 50 of capacity. the management of the company expects sales to drop

  What is the organizations contribution margin rate

The Carlton Organization rents its hotel rooms for $600 per night with variable expenses of $450 per room. What is the organizations contribution margin rate.

  Should you accept this project using the discounted payback

you are ceo of acme inc. located in the united states. you use the discounted payback period method and accept all

  If they use the loan proceeds to substantially improve the

on january 1 of year 1 arthur and aretha franklin purchased a home for 1.40 million by paying 230000 down and borrowing

  Prepare the journal entry to record the adoption of annual

given the following information create the journal entries required for each of the situations describedestimated

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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