User Account

All Pages

Discuss the postretirement benefit plan

Assignment Help Accounting Basics
Reference no: EM131593344

Question: (Postretirement Benefit Expense Computation) Englehart Co. provides the following information about its postretirement benefit plan for the year 2014.

Service cost                                                           $ 90,000

Prior service cost amortization                                        3,000

Contribution to the plan                                               56,000

Actual and expected return on plans assets                     62,000

Benefits paid                                                              40,000

Plan assets at January 1, 2014                                     710,000

Accumulated post retirement benefit obligation
at January 1, 2014                                                     760,000

Accumulated OCI (PSC) at January 1, 2014                     100,000 Dr.

Discount rate                                                                  9%

Instructions: Compute the postretirement benefit expense for 2014.

Reference no: EM131593344

Questions Cloud

What is difference between advertising and personal selling : What is the difference between advertising and personal selling? Advertising is always a paid activity to sell a product,
Watch the movie the matrix- formulate reflective essay : Watch the movie The Matrix- Formulate reflective essay and use movie references to defend your assertions
Describe the advantages of irr npv and the payback methods : Describe the advantages and disadvantages of IRR, NPV and the payback methods. What is the future value if you plan to invest $200,000 for 5 years?
The dividend in one year to justify its current price : What price must you expect Evco stock to sell for immediately after the firm pays the dividend in one year to justify its current price?
Discuss the postretirement benefit plan : (Postretirement Benefit Expense Computation) Englehart Co. provides the following information about its postretirement benefit plan for the year 2014.
Explain actions that could have been taken to manage risk : Explain actions that could have been taken to manage risk by applying each of the five general principles used in the Culture of Safety model to this scenario.
Manager for the southeastern division of a major supermarket : You have recently been appointed as the training manager for the southeastern division of a major supermarket chain in the U.S.
An explanation of what statistical significance means : An explanation of what statistical significance means. Include an example from a quantitative study that found statistically significant differences.
Why you think sales tax should collect on internet purchases : Explain why you think sales tax should be collected on Internet purchases? What might the positive and/or negative aspects be if such a tax was implemented?

Reviews

Write a Review

Accounting Basics Questions & Answers

  The cash accoutn shows a balance of 45000 before

the cash accoutn shows a balance of 45000 before reconciliation. the bank statement does not include a deposit or 2500

  A corporation had 18500 shares of 5 par value common stock

a corporation had 18500 shares of 5 par value common stock outstanding when the board of directors declared a stock

  The manufacturer of a product that has a variable cost of

the manufacturer of a product that has a variable cost of 2.50 perunit and total fixed cost of 125000 wants to

  Entering transaction in the journal

KMR Company provided repair service of $2,600 to a customer who paid $1,400 and promised to pay the remainder next month. How do i enter this transaction in the journal?

  Prepare the necessary closing entries at december

J. Giovanni invested $30,000 cash in the business during year 2011 (the December 31, 2010, credit balance of the J. Giovanni, Capital account was $61,800).

  Does your client have a liability that should be recorded

Prepare journal entries, if required, to reflect any accounting adjustment required. Assume a perpetual inventory system is used by your client.

  Job order cost accounting system appropriate for the clinic

Do you consider a job order cost accounting system appropriate for the clinic? - Identify as many factors as possible to lead you to conclude that it uses a job order system.

  Ratio computations and analysis vogue company

Ratio Computations and Analysis Vogue Company's condensed financial statements provide the following information.

  Prepare the journal entries of oil products

Prepare the journal entries of Oil Products for the following dates. October 31, 2017--Oil Products prepares financial statements

  Record the preceding transaction in the horizontal statement

Record the preceding transactions in the horizontal statements model. Also, in the Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). The first event is shown as an exampl..

  Give the journal entries to record the interest payments

Prepare a bond amortization schedule. Give the journal entry to record the bond issue. Give the journal entries to record the interest payments on December 31, 2015 and 2016. Give the journal entry to record the interest and face value payment on Dec..

  Are you familiar with a rolling budget

ACC 400- Please answer the following question with no less than 125 Words. Are you familiar with a rolling budget? What do you think could be some disadvantages of using a rolling budget?

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