User Account

All Pages

What is the fair value of the plan assets at December

Assignment Help Accounting Basics
Reference no: EM132714161

Question - AOG Inc. provides a defined benefit plan for its employees, and reports using ASPE. The pension plan administrator for AOG Inc. provided the following information for the year ended December 31, 2020

Fair value of plan assets, January 1 820,000

Defined benefit obligation, January 1 760,000

Current service cost 60,000

Employer contributions 85,000

Benefits paid to retirees 50,000

Actuarial Gain 25,000

Actual return 5%

Interest (discount) rate 6%

Required -

a) What is the fair value of the plan assets at December 31, 2020?

b) What is the balance in the Net Defined Benefit/Liability account at December 31, 2019 and what is the funded status?

Reference no: EM132714161

Questions Cloud

Calculate the alpha of stock a if actual return from stock : Correlation coefficient between stock A and the market 0.8. Calculate the alpha of stock A if the actual return from the stock is 16%.
Respiratory disorder management plan : Be sure to include the differential diagnosis, pathophysiology, epidemiology, physical exam findings, diagnostic testing any needed referrals,
Should the investor select stock c or stock d and why : An investor's risk preferences are characterized, Assume that for investor: A=4. Based on this utility function, should the investor select stock C or stock D?
Culture been defined by various anthropologists : How has the concept of culture been defined by various anthropologists? What strengths and weaknesses does each definition pose?
What is the fair value of the plan assets at December : AOG Inc. provides a defined benefit plan for its employees, and reports using ASPE. What is the fair value of the plan assets at December
Value of the stock in the merged company : Velcro Saddles is contemplating the acquisition of Skiers' Airbags Inc. The values of the two companies as separate entities are $42 million and $21 million
Discuss how the pandemic affects the two points : Discuss how the pandemic affects the above two points. Compare what the organization can do and what employees need during a pandemic
Assumptions underlying the capital asset pricing model : Describe the key assumptions underlying the Capital Asset Pricing Model (CAPM).
Calculate eps and roe for year : Calculate EPS and ROE for Year 2. Academy Driving School reported the amounts in its financial statements, Number of common shares outstanding

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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