Reference no: EM133098645
Question - The following defined pension data of Ivanhoe Corp. apply to the year 2020.
Projected benefit obligation, 1/1/20 (before amendment) $525,000
Plan assets, 1/1/20 512,200
Pension liability 12,800
On January 1, 2020, Ivanhoe Corp., through plan amendment, grants prior service benefits having a present value of 129,000
Settlement rate 9%
Service cost 56,700
Contributions (funding) 69,200
Actual (expected) return on plan assets 49,800
Benefits paid to retirees 40,300
Prior service cost amortization for 2020 15,900
For 2020, prepare a pension worksheet for Ivanhoe Corp. that shows the journal entry for pension expense and the year-end balances in the related pension accounts.
|
New product marketing strategic plan
: New Product Marketing Strategic Plan - State your value proposition or a positioning statement that outlines the benefits your product, service, or business
|
|
Searching for job in finance accounting or business
: Imagine you have completed your Finance degree and you are searching for a job in finance, accounting, or business.
|
|
Managerial challenge-economic profit-opportunity cost
: What is the economic profit, opportunity cost, and should US Airways (American Airlines) build the training center at this location?
|
|
BSBLED802 Lead learning strategy implementation Assignment
: BSBLED802 Lead learning strategy implementation Assignment Help and Solution, Salisbury College Australia - Assessment Writing Service
|
|
Prepare a pension worksheet for ivanhoe corp
: For 2020, prepare a pension worksheet for Ivanhoe Corp. that shows the journal entry for pension expense and the year-end balances in related pension accounts
|
|
Promote ethical behavior and practices in workplace
: What types of programs should HRM put in place to promote ethical behavior and practices in the workplace?
|
|
What entry does she make
: Mary's Hair Salon determines that the computer is not 6 years old and is no longer working. She decides to drop it off to the dump. What entry does she make
|
|
What was beginning fg inventory
: There was no change in either RM or WIP inventory during the accounting period. Ending FG inventory = $40,200. What was beginning FG inventory
|
|
Relationship development-management in effective leadership
: What is the role of relationship development and management in effective leadership, and how are these concepts used in improving leadership effectiveness?
|