User Account

All Pages

What is the re-measurement gain or loss

Assignment Help Accounting Basics
Reference no: EM133175619

Question - On December 31, 2020, Veronica Company reported fair value of plan assets P9,000,000 and projected benefit obligation P9,400,000. On December 31, 20221, the entity reported fair value of plan assets P9,900,000 and projected benefit obligation P11,100,000. During 2021, contribution was P1,260,000 and benefits paid were P1,125,000. The discount rate for 2020 and 2021 were 10% and 9% respectively. What is the re-measurement gain or loss attributable to plan assets for 2021? Indicate whether GAIN or LOSS.

Reference no: EM133175619

Questions Cloud

Self-esteem in work environment : Self-esteem in the work environment is crucial to the overall success of everyday business operations and functions for the employee and employer
When developing and implementing grant proposal : When developing and implementing a grant proposal, the grantee must consider the project structure and four models for proposal development.
Explain importance of opportunity costs to decision-making : Explain the importance of opportunity costs to decision-making and how opportunity costs lead to trade.
Research enterprise systems or ecommerce : Find an article discussing significant technology innovations or security concerns over the last few months
What is the re-measurement gain or loss : What is the re-measurement gain or loss attributable to plan assets for 2021? Indicate whether GAIN or LOSS
What amount should reported as projected benefit obligation : No change in actuarial estimates occurred during 2020. What amount should be reported as projected benefit obligation on December 31, 2020
What amount should be recorded as pension liability : Payne Company implemented a defined benefit plan on January 1, 2020. What amount should be recorded as pension liability on December 31, 2020
Determine the variable overhead spending variance : During April, the company budgeted 585,000 machine hours and $4,972,500 for its Texas plant's assembly department. Determine variable overhead spending variance
How much will daisha collect from each insurer : Assume that the pro-rata liability provision appears in each contract. If a $100,000 loss occurs, how much will Daisha collect from each insurer

Reviews

Write a Review

Accounting Basics Questions & Answers

  Problem - Entries for Flow of Factory Costs

Problem - Entries for Flow of Factory Costs for Process Cost System. Journalize the entries to record the transfer of production costs

  Find the optimal product mix

In coming planning period the available time of three machines A, B, and Care 2000 hours, 1500 hours and 600 hours respectively. Find the optimal product mix

  Compute the following tax consequences to usa corp

Compute the following tax consequences to USA Corp as a result of the dividend from Quebec Corporation

  Who has no assets

Maria Rivera, owner of Rivera Pharmacy, uses the direct write-off method in accounting for uncollectible accounts. Record the following transactions in general journal form.

  Prepare the report for craving that outlines the benefits

Prepare the report for craving that outlines the benefits, costs and limitations of activity-based costing

  What amount should a student deposit today

Tuition is 1,769 will be due when the spring term begins in 4 months. What amount should a student deposit today, at 3.25% to have enough to pay the tuition?

  What arguments would support redi-floors in recovering

What arguments would support Redi-Floors in recovering on the outstanding invoices from both Sonenberg and Manor Associates

  The difference between the balance of a fixed asset account

the difference between the balance of a fixed asset account and the related accumulated depreciation account is

  What is the gross income recognized by Betty

A parcel of land used in Delta's business that has a 300,000 FMV and a 120,000adjusted basis. What is the gross income recognized by Betty

  Explain the organizational structure of your selected

write a 1050- to 1400-word paper in which you select an organization with which you are familiar and present the

  What was the balance in salaries and wages payable

If the company paid $14,250 in salaries and wages in 2020, what was the balance in Salaries and Wages Payable on December 31, 2019

  Calculate the amount of bad debts expense

R? & S Commercial, Management estimates that 6?% of net credit sales will be uncollectible. Calculate the amount of bad debts expense for 2025.

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