What is included in the journal entry

Assignment Help Accounting Basics
Reference no: EM133168053

Question - On January 1, 2020, before adoption of PAS19R, Church Company had a projected benefit obligation of P4,350,000 and pension plan assets with a fair value of P2,650,000. The entity had unrecognized past service cost of P450,000 and an unrecognized actuarial gain of p150,000. The entity declared to adopt PAS 19R on January 1, 2020. What is included in the journal entry to effect the initial adoption on January 1, 2020 of PAS 19R?

Reference no: EM133168053

Questions Cloud

Briefly explain classification and measurement requirements : Briefly explain the classification and measurement requirements if Hardware Direct Ltd acquired the loan from Wakefield Ltd rather than Abacus Finance Ltd
CSIT121 Programming Fundamentals Assignment : CSIT121 Programming Fundamentals Assignment Help and Solution, University of Wollongong - Assessment Writing Service
What is the administrative fee for the year : Your variable annuity charges administrative fees at an annual rate of 0.10 percent of account value. What is the administrative fee for the year
Compute the employee benefit expense : Decrease in projected benefit obligation due to change in actuarial assumptions 200,000. Compute the employee benefit expense, total remeasurement gain
What is included in the journal entry : The entity declared to adopt PAS 19R on January 1, 2020. What is included in the journal entry to effect the initial adoption on January 1, 2020 of PAS 19R
What is the rate of return for this investment : Assume that at the beginning of the year, you purchase an investment for $9,300 that pays $105 annual income. What is the rate of return for this investment
Compute the revenue and sales price : Presented is information pertaining to an item sold by Wheeping Creek General Store: Compute the revenue and sales price
What should be the exchange ratio : Right now, Sanyon's stock price is $50, and the target share price is $25. What should be the exchange ratio
What year to maturity bonds should we invest : If we want to ascertain that we have enough to meet this debt in 15 years, what year to maturity bonds should we invest in, if they pay 9% annually

Reviews

Write a Review

Accounting Basics Questions & Answers

  What ways to add receipts to quickbooks online receipt

What are 3 ways to add receipts to QuickBooks Online Receipt Capture? Forward a receipt to r..s@ quickbooks.com from a registered email address

  Evaluate the critical elements of accounting quality

Evaluate the critical elements of accounting quality. Compare and contrast balance sheet quality with earnings quality. Explain why both are important.

  What amounts is the free cash flow for Lumos Industries

The following amounts have been taken from the recent financial statements for Lumos Enterprises: What amounts is the free cash flow for Lumos Industries

  Prepare a multiple step income statement for medlink company

Prepare a multiple step income statement for Medlink Company for the year ended December 31, 2020, using the following accounts - Interest Expense $18,900.00

  Calculate the net present value of this investment

generate net cash inflows of $20,000 per year in each of the 8 years. Apneas cost of capital is 15%. Calculate the net present value (NPV) of this investment

  How much interest does the company pay

How much interest does the company pay (in cash) to its bondholders every six months if the bonds are sold at par

  Te cash records of givens company show the following four

the cash records of givens company show the following four situations.the june 30 bank reconciliation indicated that

  What is McDonald contribution margin ratio

For a recent year, McDugal's company-owned restaurants had the following sales and expenses (in millions): What is McDonald contribution margin ratio

  Financial intermediaries-provide risk sharing

How does the financial system-both financial markets and financial intermediaries-provide risk sharing, liquidity, and information to savers and borrowers?

  Determine the amount of the dividends to be allocated

Problem - Cash Dividends. Determine the amount of the dividends to be allocated to preferred and common stockholders for each year 2012 to 2014

  What is the required rate of return on tangshan stock

Tangshan China's, Assuming Tangshan China's most recent dividend was $5.50, what is the required rate of return on Tangshan's stock?

  Calculate Lisa Net Capital Gain for the year ending

You are required to calculate Lisa's Net Capital Gain (loss) for the year ending 30 June 2020 based on the above information provided

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