User Account

All Pages

What is the re-measurement gain or loss attributable

Assignment Help Accounting Basics
Reference no: EM133165201

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.

Required - What is the re-measurement gain or loss attributable to plan assets for 2021? Indicate whether GAIN or LOSS.

Reference no: EM133165201

Questions Cloud

Prepare a balance sheet as of december : Earned cash revenues of $116,000 and incurred cash expenses of $60,000. Prepare a balance sheet as of December 31, Year 1
Research publicly traded company : Do some research of any publicly traded company and tell us what their competitive advantage is and how they utilize this to ensure profitability.
Classify the events occurring after the end of the reporting : Classify the events occurring after the end of the reporting period as adjusting or non-adjusting. Account for the events in accordance with AASB 110/IAS 10
Target marketing in due to pandemic : Research a company and provide a YouTube Video that depicts the company's shift in target marketing in due to the pandemic.
What is the re-measurement gain or loss attributable : 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
Components of strategic management : Explain the three components of strategic management. Who was the most influential person regarding competitive strategy and what was his thinking?
Knowledge of regular customers : Q.1) A customer in a restaurant calls you over and complains that the fish main course is "not very nice". What questions can you ask to find out more informati
Prepare an income statement according to variable costing : The company began operations on July 1 and operated at 100% of capacity during the first month. Prepare income statement according to variable costing concept
What is the present value : Question - What is the present value of $8,000 paid at the end of each of the next 88 years if the interest rate is 5% per? year

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