User Account

All Pages

What was service cost for year for tyree corporation

Assignment Help Financial Accounting
Reference no: EM132973171

Problem 1: On December 31, 2019, Tyree Corporation received the DBO report from the actuary. The following information was included in the report: ending DBO, $1,100,000; benefits paid to retirees, $100,000; interest cost accrued on the beginning DBO, $80,000. The discount rate applied by the actuary was 8%. There was no actuarial revaluation required nor any past service cost. What was the service cost for the year?

a. $20,000.

b. $920,000

c. $180,000.

d. $120,000.

e. None of the above

Reference no: EM132973171

Questions Cloud

What amount should be reported as doubtful accounts : During 2021, sales revenue totaled P21,200,000, cash collected from customers amounted to P19,800,000, What amount should be reported as doubtful accounts
What be interest expense on defined benefit obligation : $546,000 were recorded as current services costs during 2019. What would be the interest expense on the Defined Benefit Obligation for 2019?
What do think is going to be the working capital requirement : Retaews' is a premium sweater making company. What do think is going to be the working capital requirement of Retaews? Why?
What will your futures contract gain or loss be : What will your futures contract gain or loss be if you transacted the future contracts at the futures rate of $0.63, while the futures rate decreases to $0.61
What was service cost for year for tyree corporation : The discount rate applied by the actuary was 8%. There was no actuarial revaluation required nor any past service cost. What was the service cost for the year?
Find how should the company record change on the pension : The balance in the Defined Benefit Obligation on December 31, 2019 of a pension plan. How should the company record this change on the pension worksheet?
How does a project manager build a project team : How does a project manager build a project team? What are some of the key concepts when creating a project team? Cite three scholarly
Find what entry reflected in pension fund work sheet should : A pension plan paid out benefits amounting to $343,200 during the year to retired plan members. The entry reflected in a pension fund work sheet should show?
Review regarding the operations of your facilitys financial : What are your thoughts on the other administrators in the organization seeing your results and your being able to see their results? Do you think

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