Business, 10.05.2021 16:20 sherlyndaniel89
On January 1, 2020, Bramble Company has the following defined benefit pension plan balances.
Projected benefit obligation $4,484,000
Fair value of plan assets 4,210,000
The interest (settlement) rate applicable to the plan is 10%. On January 1, 2021, the company amends its pension agreement so that prior service costs of $509,000 are created. Other data related to the pension plan are as follows.
2020 2021
Service cost $152,000 $182,000
Prior service cost amortization 0 92,000
Contributions (funding) to the plan 239,000 287,000
Benefits paid 201,000 286,000
Actual return on plan assets 252,600 255,000
Expected rate of return on assets 6% 8%
Required:
Prepare a pension worksheet for the pension plan for 2020 and 2021.
Answers: 2
Business, 22.06.2019 10:10
At the end of year 2, retained earnings for the baker company was $3,550. revenue earned by the company in year 2 was $3,800, expenses paid during the period were $2,000, and dividends paid during the period were $1,400. based on this information alone, retained earnings at the beginning of year 2 was:
Answers: 1
Business, 22.06.2019 17:30
Betty contracted with scooby’s skate store to deliver a pair of skates to jake for his birthday. scooby’s owner was going on a trip and delegated the delivery of the skates to brian. brian failed to make delivery.can jake sue brian for breach of contract, as he was not a party to the original contract? explain your answer. brian was not a party to the original contract. why would a court hold him responsible for failing to make delivery? if you do not think a court would hold him responsible, explain your answer. can jake sue scooby’s skates for breach of contract? explain your answer.
Answers: 2
On January 1, 2020, Bramble Company has the following defined benefit pension plan balances.
Proje...
Mathematics, 17.10.2019 18:10
English, 17.10.2019 18:10
Computers and Technology, 17.10.2019 18:10
History, 17.10.2019 18:10
English, 17.10.2019 18:10
History, 17.10.2019 18:10
Mathematics, 17.10.2019 18:10