User Account

All Pages

What was the fair value of plan assets at december

Assignment Help Accounting Basics
Reference no: EM132610159

Question - On January 1, 2018, INXS Company had the following balances:

Projected benefit obligation 1,245,400

Fair value of plan assets 965,400

The settlement rate, as well as the expected return rate, is 5%. Other data related to the pension plan for 2018 were:

Service cost 61,200

Amortization of prior service costs 13,400

Contributions 29,500

Benefits paid 36,800

Actual return on plan assets 41,900

Amortization of net gain 11,400

Required -

What was the fair value of plan assets at December 31, 2018?

What amount was recorded for pension expense for year 2018?

Reference no: EM132610159

Questions Cloud

What must have been the number of units of product : Lee Company had 30,000 units in its ending inventory. What must have been the number of units of product in inventory at the beginning of the year?
Discuss the importance of each area of responsibility : Discuss the importance of each area of responsibility and provide examples of each. Compare your previous ideas of this profession to the role described using.
Record the accrual of interest on February : Record the accrual of interest on February 28, 2022, assuming the semi-annual amortization amount for this interest period is $882
Dividend discount model stock valuation : Describe two to three macroeconomic factors that influence interest rates in general. How to value a company using discounted cash flow (DCF)
What was the fair value of plan assets at december : The settlement rate, as well as the expected return rate, is 5%. What was the fair value of plan assets at December 31, 2018
Describe possible non-traditional settings : Health education is shaped by the audience it targets, and is often dictated by the setting in which health education takes place. Provide a thorough.
Why eugenics is a perversion of science : Why Eugenics is a perversion of Science? What are the ethical dilemmas of Designer Babies?
Maintain balance of specific molecule : For the following question write the most appropriate answer in the space provided Two strategies-negative feedback and antagonistic
Find an article on biological evolution : Was there a new technology used? How? What did it discover?

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