What is the fair value of the plan assets at december

Assignment Help Financial Accounting
Reference no: EM132557163

Question 1: At January 1, 2020, Van Gogh Corp.'s defined benefit pension plan, under IFRS, had a defined benefit obligation of $ 100,000, while the fair value of the plan assets was $ 120,000. During 2020, the plan's current service cost was $ 150,000; past service costs were $ 80,000; Van Gogh contributed $ 110,000 to the plan; the actual and expected return on the plan assets was $ 9,000; and benefits paid to retirees were $ 95,000. What is the fair value of the plan assets at December 31, 2020?

Reference no: EM132557163

Questions Cloud

International opportunities : Determine why, given the advantages of international diversification, some firms choose not to expand internationally.
How can put the information in bank reconciliation : How can put the information in bank reconciliation?Windsor Company's bank reconcilation reported an unadjusted book balance of $84,348
Compute the basic earnings per share for Granite Ltd : Granite Ltd commenced the year with 400 000 fully paid ordinary shares. Compute the basic earnings per share for Granite Ltd for 2019
Cost assumptions to ensure project success : A fundamental topic for the success of a project is the management of scope. The original scope of a project has cost assumptions to ensure project success.
What is the fair value of the plan assets at december : At January 1, 2020, Van Gogh Corp.'s defined benefit pension plan, What is the fair value of the plan assets at December 31, 2020?
How much money do you need to invest in Stocks A : Required - If your goal is to create portfolio that has an expected return of 13.68%, how much money do you need to invest in Stocks A and B
Strategic management : Research Hershey's organizational chart and organizational structure. describing Hershey's organizational structure
How to account for tag in consolidated financial statements : How to account for Tag in the consolidated financial statements for the year ended 31 Dec x5. Ash, a holding company, decided to sell its 100% owned subsidiary
Describe depreciation : Superbowl commercial ads are an anticipated event every year. Define and describe depreciation? Name three methods of depreciation.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Determine EOL and the best strategy

Kelly Weeks, president of Weeks Manufacturing, Inc., is considering whether to build more manufacturing plants in Wisconsin. Construct an opportunity loss table. Determine EOL and the best strategy. What is the expected value of perfect information?

  Why is retained earnings on january equal to a negative

After the equipment is sold, why is retained earnings on January 1, 2012, equal to a negative $74,000 in both cases despite having shown a different pattern of expenses, gains, and losses over time?

  Compute herelts adjusted basis in the equipment

Compute Herelt's MACRS depreciation with respect to the equipment for 2018 and 2019. Compute Herelt's adjusted basis in the equipment

  How do construct the clinics p and l

How do Construct the Clinics P and L. What volume is needed for a profit of $300,000? What would be the breakeven point? provide example

  Declaration and payment of the stock dividend

The dividend shares are issued on December 31. Prepare the entries for the declaration and payment of the stock dividend.

  How to prepare a trial balance

Determine the October 31 balance for each of the accounts above, and prepare a trial balance at October 31,2010.

  Contribution margin per unit amp machine-hourmd widgets

contribution margin per unit amp machine-hour.md widgets manufactures three different product lines model x model y and

  Prepare a statement of cash flows for bicycle thief inc

Prepare a statement of cash flows for Bicycle Thief Inc. for the year ended May 31, 2018, using the direct method. Support the statement with appropriate

  How much would service adjust the investment

Service Company purchased 40% of the outstanding stock, How much would Service adjust its investment in Jigsaw Company under the equity method?

  What is the probability that accountant has an mba degree

Firm, What is the probability that this accountant has an MBA degree or at least five years of professional experience, but not both?

  Computation of various variancescold king company is a

computation of various variances.cold king company is a small producer of fruit flavored frozen desserts. for many

  Discuss what is the economic order quantity

The chairs are sold out before they are restocked. What is the economic order quantity

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