Reference no: EM133434284
Question: NOELLA Consultants Inc. has had a defined benefit pension plan since January 1, 2014.
The following represents beginning balances as at January 1, 2019:
Market value of Plan Asset $2,008,900; Defined Benefit Obligation $2,340,000; AOCI: Gain of $65,000
Additional Information is as follows:
Current Service cost is $221,000 for 2019 and $215,200 for 2020.
Company Funding/Contribution is $200,400 for 2019 and $212,700 for 2020. Funding is made on December 31 of each year.
Actual return on assets is $115,600 for 2019 and $117,400 for 2020.
There are payments made to retired employees equal to $63,900 in 2019 and for $90,300 in 2020.
Increase in obligation of $123,500 due to Past service cost from plan amendment dated December 31, 2019.
There is an increase in obligation for $64,510 due to changes in Actuarial assumptions at Dec 31, 2020.
The discount/interest rate is 6% for both years.
Prepare the notes to the financial statements for 2019 only.
|
Identify at least three characteristics of the byronic hero
: Identify at least three characteristics of the Byronic hero from the reading "Characteristics of the Byronic Hero," and explain how Lord Ruthven illustrates
|
|
What are features of interactive reading and writing include
: what are Features of interactive reading and writing include? Children are more active in reading and writing and observe the teacher's reading less
|
|
How is the goodwill appearing on the statement
: How is the goodwill appearing on the statement of financial position for a subsidiary prior to a business combination treated in the subsequent preparation
|
|
What is the difference between a process and a procedure
: What is the difference between a process and a procedure? Determine what yours is, and state it in your submission. Decide whether you are writing for
|
|
Prepare the notes to the financial statements
: Prepare the notes to the financial statements for 2019 only - Market value of Plan Asset $2,008,900; Defined Benefit Obligation $2,340,000; AOCI: Gain
|
|
How humans have affected nature
: How humans have affected nature? In form of a short composition describe what would you do to reverse the damaged caused by humans on nature.
|
|
Describe how children interactions provide evidence
: Describe how children's interactions provide evidence of their pragmatic knowledge when they are retelling or re-creating familiar stories.
|
|
Calculate the stream of interest expenses across
: Calculate the stream of interest expenses across the four years of the life of the bonds and Provide the accounting entries if the holders of the bonds elect
|
|
How and why are the narrative techniques of telling, silence
: How and why are the narrative techniques of telling, silence, and indirect forms of expression (EX. symbols, dreams and imaginings, etc.) used in Indian Horse
|