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Louie Company has a defined benefit pension plan. On December 31 (the end of the fiscal year), the company received the PBO report from the actuary. The following information was included in the report: ending PBO, $110,000; benefits paid to retirees, $10,000; interest cost, $8,000. The discount rate applied by the actuary was 8%. What was the service cost for the year?
the rogers leasing company signed an agreement to lease an asset that has a fair value of 800000 on december 312010.
Determine the (a) current ratio, and (b) quick ratio. Round your answer to one digit after the decimal.
kelsey who is a head of household with one dependent had agi of 315000 for 2011. she incurred the following expenses
door amp window co. was organized on august 1 of the current year. projected sales for the next three months are as
jastak company uses the weighted-average method in its process costing system. operating data for the painting
On April 3, 2001, the client asked the CPA to audit the client's financial statements for the year ended December 31, 2001. Is the CPA considered independent with respect to the audit of the client's December 31, 2001, financial statements?
the woody company manufactures slipper and sells them at 10 a pair. variable manufacturing costs are 4.50 a pair and
The sausage system will save the firm $256,800 per year in pretax operating costs, and the system requires an initial investment in net working capital of $59,920.
1. crow manufacturers inc. projected sales of 64363 bicycles for 2012. the estimated january 1 2012 inventory is 5278
Xenon Corporation has $112,000 of regular taxable income, $68,000 of preference items, $98,000 of positive adjustments, and $36,000 of negative adjustments that affect its determination of alternative minimum taxable income. What is Xenon's altern..
At the end of 2011, the costs to date were $6,325,000 and the estimated total costs to complete had not changed. The progress billings during 2011 were $3,000,000 and the cash collected during 2011 was $2,000,000. Eilert uses the percentage-of-co..
Describe the fiduciary activities of a state or local government and explain how accounting and financial reporting for fiduciary activities differ from those for governmental and business-type activities.
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