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Question - Louie Company has a defined benefit pension plan. On December 31 (the end of the fiscal year), the company received the PBO report from the actuary. The following information was included in the report: ending PBO, $110,000; benefits paid to retirees, $10,000; interest cost, $8,000. The discount rate applied by the actuary was 8%. What was the service cost for the year?
Prepare the journal entries to record their issuance by Universal Foods on January 1, 2021, interest on June 30, 2021 and interest on December 31, 2028
Two years from? now, and $10,000. What is the NPV of the investment opportunity if the interest rate is 2% per? year? Should you take the? opportunity?
A two year bond with par value of R1000, making annual coupon payments of R110 is priced at R1000. What is the yield to maturity of the bond
Pontiac Company's Division Y had the following historical accounting data per unit based on 6,000 units per period.
oslo company prepared the following contribution format income statement based on a sales volume of 1000 units the
How do Make recommendation on annual report of ANZ bank 2019? Valuation of Financial Instruments held at Fair Value, IT Systems and Controls.
Smart Hearing manufacturing headphone cases. Compute the cost and efficiency variances for direct materials and direct labor
Discuss the treatment of Barb"s investment interest that is disallowed in 2006. What election could Barb make to increase the amount of her investment interest deduction for 2006? 205.
Record all initial accounting entries for MU for the month of January based on the current guidance on revenue recognition in ASC 605.
Martin, Inc., has two products: a pocket metronome (unit sales price, $25; unit variable cost, $15) and a pocket tuner (unit sales price, $14; unit variable cost,$9). the company's sales mix of the pocket metronome to the pocket tuner is 4:1 and fixe..
The following data are taken from the unadjusted trial balance of the Westcott Company at December 31, 2013. Each account carries a normal balance and the accounts are shown here in alphabetical order.
Refer to the information in RE15 5. Prepare the journal entry on June 30 for Gatrong to record the first interest receipt, using the effective interest method. Round to the nearest dollar.
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