What amount should blaine report for pension expense

Assignment Help Accounting Basics
Reference no: EM131778239

Question - Blaine Inc. shows the following data relating to its pension plan for 2011:

Amortization of unrecognized net loss ................. $ 16,000

Amortization of unrecognized prior service cost ....... 28,000

Expected return on plan assets ........................ 32,000

Actual return on plan assets .......................... 36,000

Interest on projected benefit obligation .............. 70,000

Service cost .......................................... 160,000

What amount should Blaine report for pension expense in 2011?

A) $206,000

B) $238,000

C) $242,000

D) $270,000

Reference no: EM131778239

Questions Cloud

Changing social and political landscape : Include the role of key personalities in the changing social and political landscape.
Explain the taxpayer relief act : The Taxpayer Relief Act of 1997 created the Roth IRA, which permits qualifying individuals to make after-tax retirement contributions of up to $2,000 annually.
How did shawn and justin describe the military culture : How did Shawn and Justin describe the military culture? Provide examples. Where do you think Justin's turning point occurred and what precipitated it?
What is perception of the visual argument : What is your perception of the visual argument? Describe the intent of the visual?
What amount should blaine report for pension expense : Blaine Inc. shows the following data relating to its pension plan for 2011: What amount should Blaine report for pension expense in 2011
What function does eurydice serve : What function does eurydice serve? how deeply do we feel about her fate?
Adjusting entry to record bad debt expense : Accounting for Receivables and Bad Debts Assignment - Write-offs of uncollectible accounts for the year and Adjusting entry to record Bad Debt Expense
Creating long lines of eager customers at stores : If a technology company introduces a new gadget to the market which creates long lines of eager customers at stores, what is true about this market?
How the movements are able to motivate so many followers : Formulate your own theory as to how these movements are able to motivate so many followers. Support your theory with scholarly research.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd