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Question - Assume the following pension data for year 2019:
Service cost $90,000
Contribution $105,000
Actual return $64,000
Benefits $40,000
Plan assets 1/1/19 $640,000
PBO 1/1/19 $800,000
Interest rate 10%
Required - Compute pension expense. Prepare the journal entry for pension expense only. Show all computations. Hint: not all data above are needed for this question.
The income statement of Whitlock Company is presented here. Prepare the operating activities section of the statement of cash ?ows for the year ended November 30, 2015, for Whitlock Company, using the indirect method.
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Identify and discuss at least TWO financial report assertions for the audit of inventory at book that you believe would be assessed as high risk.
Calculate the effect on each year's profit from the above. The provision for doubtful debts stood at £425 as at 31 December 2006
What is the correct way to close expenses? Which of the following accounts are permanent accounts? The entry to close Income Summary.
Make the Income statement of Uncle Nenens for the 1st year and 2nd year. In addition, state the amount of estimated liability for premiums
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