User Account

All Pages

What is the estimated pension liability as of december

Assignment Help Financial Accounting
Reference no: EM133016279

Question - A president of JR and RJ Corporation shall receive a 20% retirement benefit based on the final salary per year for a period of 3 years. The president does not contribute to the plan. The discount rate to be used is 5%. The projected salary over three years (2020, 2021, 2022) are P500,000, P600,000, and P720,000, respectively. PV@ 5% for one period, 0.9524 PV@ 5% for two periods, 0.9070.

1. What is the annual benefit to be used in computing the estimated pension liability?

2. What is the estimated pension liability as of December 31, 2021 using the projected unit credit method?

Reference no: EM133016279

Questions Cloud

How does perception affect behavior : 1. How does perception affect behavior? What stereotypes do you form about people? Are they good or bad?
Example of disruptive innovation : Read the following statement: "The internet is an example of disruptive innovation that turned the business world and global societies on its head, forcing them
Maintaining nutritional needs in dementia patients : Report on An Exploration of Maintaining Nutritional Needs In Dementia Patients
List the two strategies for organizing reports : List the two strategies for organizing reports.
What is the estimated pension liability as of december : The projected salary over three years (2020, 2021, 2022) are P500,000, P600,000, and P720,000, What is the estimated pension liability as of December
Discuss the effect on the statement of cash flows : In 2009 Amazon acquired Zappos in a stock acquisition valued at more than $1 billion. Discuss the effect on the statement of cash flows
How does neuroplasticity effect emotional intelligence : How does neuroplasticity effect emotional intelligence?
Market segmentation technique for a safari tour business : What are ways to devise and make a market segmentation technique for a Safari Tour Business!
Discuss the six badges of trade with examples : Discuss the six badges of trade with examples and How do you distinguish between an individual who is employed and one that is self- employed?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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