Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
E 20-19 (Postretirement Benefit Expense Computation)
Kreter Co. provides the following information about its postretirement benefit plan for the year 2014.
Service cost
$45,000
Contribution to the plan
10,000
Actual and expected return on plan assets
11,000
Benefits paid
20,000
Plan assets at January 1, 2014
110,000
Accumulated postretirement benefi t obligation at January 1, 2014
330,000
Discount rate
8%
Instructions
Compute the postretirement benefit expense for 2014.
P20-8 (Comprehensive 2-Year Worksheet) Lemke Company sponsors a defined benefit pension plan for its employees. The following data relate to the operation of the plan for the years 2014 and 2015.
2014
2015
Projected benefit obligation, January 1
$600,000
Plan assets (fair value and market-related value), January 1
410,000
Pension asset/liability, January 1
190,000 Cr.
Prior service cost, January 1
160,000
40,000
$59,000
Settlement rate
10%
Expected rate of return
Actual return on plan assets
36,000
61,000
Amortization of prior service cost
70,000
50,000
Annual contributions
97,000
81,000
Benefits paid retirees
31,500 54,000
Increase in projected benefit obligation due to
changes in actuarial assumptions
87,000
-0-
Accumulated benefit obligation at December 31
721,800
789,000
Average service life of all employees
20 years
Vested benefit obligation at December 31
464,000
(a) Prepare a pension worksheet presenting both years 2014 and 2015 and accompanying computations and amortization of the loss (2015) using the corridor approach.
(b) Prepare the journal entries (from the worksheet) to reflect all pension plan transactions and events at December 31 of each year.
(c) For 2015, indicate the pension amounts reported in the financial statements.
Prepare a presentation on moving averages method of price determination
Sohr Corporation processes sugar beets that it purchases from farmers. Sugar beets are processed in batches. A batch of sugar beets costs $62 to buy from farmers and $21 to crush in the company's plant. Two intermediate products, beet fiber and beet ..
claire ltd owns all the share capital of lauren ltd. the following transactions relate to the period ended 30 june
Write the footnote for Danerys' year-end financial statements related to goodwill and other intangible assets. Assume Danerys had no intangible assets prior to the acquisition.
Which alternative would you recommend that the company accept? Show all computations using the net present value approach. Show separate computations for each project.
The company expects to earn 15% before interest and taxes on sales of $3 million. The tax rate is 40%.
the following information was provided by the treasurer of suretthe following information was provided by the treasurer
question on 1st january 2009 carlin corporation issued 2400000 of 5-year 8 percent bonds at 95 the bonds pay interest
Prepare a condensed cost of goods manufactured schedule for situation (1) for the year ended December 31, 2012
Some common sense talking points are moving around in our discussions this week. As always there are very solid themes coming to the forefront. Ben McClure writes for Investigator, and I think some of his ideas here are valuable to this discussion.
Calculate Dahl's 20X6 consolidated net income and identify the amount attributable to Dahl's shareholders and to the non-controlling interest and prepare dated journal entries to record the transactions shown above.
Identify a real-life outsourcing decision that has been made. Identify the specific reasons for the outsourcing. If information is available, discuss the results of the outsourcing decision (jobs lost, cost savings, etc.). Cite sources as deemed nece..
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd