User Account

All Pages

Find the balance of projected benefit obligation at december

Assignment Help Accounting Basics
Reference no: EM132583379

On January 1, 2018, Blossom Co. has the following balances:

Projected benefit obligation $4000000

Fair value of plan assets 3500000

The settlement rate is 11%. Other data related to the pension plan for 2018 are:

Service cost $310000

Amortization of prior service costs due to increase in benefits 110000

Contributions 510000

Benefits paid 235000

Actual return on plan assets 405000

Amortization of net gain 31000

Question 1: The balance of the projected benefit obligation at December 31, 2018 is

Option a) $4505000.

Option b) $4440000.

Option c) $4750000.

Option d) $4515000.

Reference no: EM132583379

Questions Cloud

Earned value management : Your Project Sponsor is not familiar with earned value management (EVM). You have been asked to provide him with a quick overview of EVM.
Describe the cycle and push-pull views of supply chain : Describe the cycle and push/pull views of a supply chain. Define the key metrics that track the performance of the supply chain in terms of each driver.
Find the amount of aoci-net loss amortized was : The corridor for 2018 was $500000. The amount of AOCI-net loss amortized in 2018 was?Ivanhoe's contribution was $740000 in 2018 and benefits paid were $650000.
Analyze significant contemporary business decision : Analyze a significant contemporary business decision. Why was it made? Was it wise? What are the implications?
Find the balance of projected benefit obligation at december : Find The balance of the projected benefit obligation at December 31, 2018 is.Amortization of prior service costs due to increase in benefits 110000
Sketch and label a ray diagram : An underwater diver observes that the angle of the Sun, relative to the perpendicular, appears to be ? relative to the vertical. ?
Determine the amount of work required : Determine the amount of work required for a 85.0-kg person to climb one flight of stairs that are 2.50 meters high.
How much of the money will each partner receive : How much of this money will each partner receive if profits and losses are allocated to Adams, Baker, Carvil, and Dobbs on a 1:3:3:3 basis, respectively?
Motivational theories : You will select, describe and examine three motivational theories. Discuss the strengths and weaknesses of each theory.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is a heritage asset

What is a heritage asset? What are the practical difficulties in measuring an asset of this kind? Use evidences to argue what is more important-economic growth

  Why income tax are listed separately in the statement

Explain why cost of sales, operating expenses and other expenses and income tax are listed separately in the statement of comprehensive income

  How can you use accounting to manage your personal finances

Every business or organization must utilize accounting to record, summarize and report business transactions. While the focus in this course is the use.

  Compute net cash provided by operating activities

Grouper Corporation reported net income of $53,700 in 2017. Depreciation expense was $17,000. Compute net cash provided by operating activities

  What is the present value of the technology

First annual cash flow $176,000 received two years from today. What is the present value of the technology if the discount rate is 9 percent

  Prepare the statement of retained earning

Prepare the 2011 Statement of Retained Earning as it would appear in the comparative 2011- 2012 financial statements

  Discuss bonds investment is intended

bonds investment is intended to be held until it is due in 2024. The Investment in Star Inc. is an investment in an associate

  Determine the accumulated savings in account

Many persons prepare for retirement by making monthly contributions to a savings program. Suppose that $2,000 is set aside each year and invested in a savings.

  Problem regarding the membership fees and annual fees

The amount of expenses including membership fees and annual fees incurred by the employee on credit card and which are paid by the employer shall be added as the perquisites unless the said expenses are incurred wholly and exclusively for official..

  Determining cafr financial statements

The City of Springfield has three pension plans: a locally administered police plan for which it is trustee, a statewide cost sharing plan, and a statewide agency plan. The City would include in its CAFR financial statements for:

  What will the cca tax shield for the second year

The half-year rule applies. What will the CCA tax shield for the second year of operation be if the company purchases the new machine

  What is the unique feature of a corporation income statement

What is the unique feature of a corporation income statement? Illustrate this feature, using assumed data.

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