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Question - Suppose Cardinal Company has a defined benefit pension plan. Here is information on this year's pension. Interest cost $10,000, service cost $28,000, estimated return on plan assets (positive return) 9,000, prior service cost incurred this year $48,000 (this prior service cost increased the projected benefit obligation), prior service cost amortized this year $4,000 (this prior service cost increased the projected benefit obligation), loss on plan assets incurred this year $16,000, loss on plan assets from last year amortized this year $2,800. Cash contributed to the plan this year was $34,000. Please record the pension journal entries. Hint: there will be an entry to record prior service cost into other comprehensive income, there will be a second entry to record this year's loss into other comprehensive income, and there will be the pension expense journal entry.
The bank statement for Tetra Company, Let's say that the unadjusted bank balance was $1,900, Determine what is the unadjusted book balance?
A year-end physical inventory at retail prices yields a total inventory of $78,550. Prepare a calculation Showing the company's loss from shrinkage at cost and at retail.
Explain the difference between "authorized" stock and "issued" stock. When stock is issued/sold what amount is credited to "paid-in-capital"?
Blossom Company provides and Create a pension worksheet inserting January 1, 2017, balances, showing December 31, 2017. (Enter all amounts as positive.)
What investment proceeds from the initial investment is? Clayton Moore is the manager of an international money market fund managed out of London.
In 2014, X Company's revenue was $224,550, its total variable costs were $85,050, and its fixed costs were $85,500. Assume that the revenue and variable cost relationships continue in 2015, but fixed costs increase by 19%. If the tax rate is 40%, wha..
Which liability that represents the accumulated difference between the income tax expense reported on the firm's books and the income tax actually paid is
An investor observes a call option on a share which has a premium of $0.68, an exercise price of $13.00. What the premium and exercise price represent
What is the monthly payment? The loan is pre-paid after 4 years. What is the loan balance? What is the EBC, if no pre-payment penalties are applied?
Determine What amount should Lincoln Company pay for this investment to earn an 6% return? (Round answer to 2 decimal places, e.g. 25.25.)
1. the standard cost is how much a product should cost to manufacture.2. because accountants have financial expertise
The B company had the following functional income statement for the month of May 2011. Calculate the company's break-even point in units. Calculate the company's break-even point in sales volume
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