Pension data for barry financial services inc include the

Assignment Help Accounting Basics

Reference no: EM13604128

Pension data for Barry Financial Services, Inc. include the following: ($ in 000s) Discount rate, 8% Expected return on plan assets, 11% Actual return on plan assets, 10% Service cost, 2011 $ 340 January 1, 2011: Projected benefit obligation 2,523 Accumulated benefit obligation 2,194 Plan assets (fair value) 2,632 Prior service cost-AOCI (2011 amortization, $27) 356 Net gain-AOCI (2011 amortization, $7) 362 December 31, 2011: Cash contributions to pension fund, December 31, 2011 269 Benefit payments to retirees, December 31, 2011 296 Determine pension expense for 2011. Prepare the journal entries to record pension expense, gains and losses (if any), funding, and retiree benefits for 2011

Reference no: EM13604128

Questions Cloud

Assume the mountain furniture company sells two kinds of : assume the mountain furniture company sells two kinds of tables oak and pine. at a 11 one-to-one unit sales mix in

Good morning enterprises produces digital alarm clocks it : good morning enterprises produces digital alarm clocks. it has a just-in-time assembly process and uses backflush

Book value of stockholders equity usually differs from : book value of stockholders equity usually differs from company market value. explain three reasons why a companys book

Tavorn corporation applies manufacturing overhead to : tavorn corporation applies manufacturing overhead to products on the basis of standard machine-hours. the companys

Pension data for barry financial services inc include the : pension data for barry financial services inc. include the following in 000s discount rate 8 expected

How many shares of common stock are issued and outstanding : on may 31 2008 donald co. has 100000 shares of 9 par value common stock issued and outstanding. the balance sheet

Collectibility of the payments is reasonably predictable : krauss leasing company signs a lease agreement on january 1 2013 to lease electronic equipment to stewart company. the

Devin development co sold a building to timex co as a : devin development co sold a building to timex co. as a restaurant site on jan 12009.devin accepted in exchange a

You are an accountant in a medium-sized manufacturing : you are an accountant in a medium-sized manufacturing company. you have been asked to mentor an accounting clerk who is

User Account

All Pages