Pina Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2020, the following balances relate to this plan.
Plan assets $459,900
Projected benefit obligation 596,100
Pension asset/liability 136,200
Accumulated OCI (PSC) 96,700 Dr.
As a result of the operation of the plan during 2020, the following additional data are provided by the actuary.
Service cost $93,400
Settlement rate, 10%
Actual return on plan assets 53,900
Amortization of prior service cost 19,900
Expected return on plan assets 50,800
Unexpected loss from change in projected benefit obligation, due to change in actuarial predictions 78,700
Contributions 94,800
Benefits paid retirees 86,000
Using the data above, compute pension expense for Monty Corp. for the year 2020 by preparing a pension worksheet.
Answers: 3
Business, 21.06.2019 23:30, shannydouglas
Which type of market are you in if your company, along with three other companies, controls 95 percent of the total music industry?
Answers: 3
Business, 22.06.2019 10:30, tigistamare03
6carla would like to buy a dress, a dresser for her bedroom, and a home theater system. she has one month's worth of living expenses in her emergency fund. carla decides to save for the home theater system. did carla make the right decision? why or why not? a. yes; her emergency fund is full and the other items will probably be less expensive. b. yes; she could save more for her emergency fund, but the home theater will be harder to save for. c. no; she should save more for her emergency fund because she has saved less than the recommended amount. d. no; she should have bought the dress and dresser first because she could afford them right away. reset next
Answers: 2
Business, 22.06.2019 18:30, miller5452
Amanufacturer has paid an engineering firm $200,000 to design a new plant, and it will cost another $2 million to build the plant. in the meantime, however, the manufacturer has learned of a foreign company that offers to build an equivalent plant for $2,100,000. what should the manufacturer do?
Answers: 1
Business, 22.06.2019 19:30, taylorray0820
Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above
Answers: 2
Pina Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2020, the follow...
Biology, 05.01.2020 21:31
Geography, 05.01.2020 21:31
Mathematics, 05.01.2020 21:31