Abbott and abbott has a noncontributory, defined benefit pension plan. at december 31, 2018, abbott and abbott received the following information: projected benefit obligation ($ in millions) balance, january 1 $ 160 service cost 24 interest cost 16 benefits paid (11 ) balance, december 31 $ 189 plan assets balance, january 1 $ 80 actual return on plan assets 11 contributions 2018 24 benefits paid (11 ) balance, december 31 $ 104 the expected long-term rate of return on plan assets was 10%. there was no prior service cost and a negligible net loss–aoci on january 1, 2018. required: 1. determine abbott and abbott’s pension expense for 2018. 2. prepare the journal entries to record abbott and abbott’s pension expense, funding, and payment for 2018.

The plastic flowerpots company has two manufacturing departments, molding and packaging. at the beginning of the month, the molding department has 2,100 units in inventory, 70% complete as to materials. during the month, the molding department started 18,500 units. at the end of the month, the molding department had 3,150 units in ending inventory, 80% complete as to materials. units completed in the molding department are transferred into the packaging department. cost information for the molding department for the month follows: beginning work in process inventory (direct materials) $ 1,300 direct materials added during the month 28,900 using the weighted-average method, compute the molding department's (a) equivalent units of production for materials and (b) cost per equivalent unit of production for materials for the month. (round "cost per equivalent unit of production" to 2 decimal places.)

Which of the following statements is true regarding the definition of a fund? a fund is a fiscal entity which is designed to provide reporting that demonstrates conformance with finance-related legal and contractual provisions separately from gaap reporting. a fund exists to assist in carrying on activities and attaining objectives where there are no specific rules or restrictions. a fund is an accounting entity which is designed to enable reporting in conformity with gaap without being restricted by legal or contractual provisions. a fund is a mechanism developed to provide accounting for revenues and expenditures that are subject to certain restrictions separate from revenues and expenditures that are not subject to restrictions.

Select the correct answerwhat is the responsibility of each of the twelve federal reserve's banks in their districts? a. they set the prime rateob. they monitor functioning of banks in their through onsite and offsite reviewsc. they assess taxes in their destnictd. they write fiscal policies