Business, 17.03.2020 00:57 fernandez122115
Kessler, Inc. received the following information from its pension plan trustee concerning the operation of the company's defined-benefit pension plan for the year ended December 31, 2018: January 1, 2018 December 31, 2018 Projected benefit obligation $2,480,000 $2,830,000 Fair value of plan assets 1,150,000 1,500,000 Accumulated benefit obligation 1,921,000 2,611,000 Accumulated OCI―(PSC) 532,000 296,000 The service cost component for 2018 is $137,500 and the amortization of prior service cost is $236,000. The company's actual funding of the plan in 2018 amounted to $500,000. The expected return on plan assets and the settlement rate were both 9%. Determine the pension expense to be reported in 2018. Pension expense $ Prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit
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Business, 23.06.2019 02:30, jamilamiller200
Consider the following condensed financial statements of money freedom comma inc. the company's target rate of return is 30%: (click the icon to view the comparative balance sheet.) (click the icon to view the income statement.) requirements 1. calculate the company's roi. round all of your answers to four decimal places. 2. calculate the company's profit margin ratio. interpret your results. 3. calculate the company's asset turnover ratio. interpret your results. 4. use the expanded roi formula to confirm your results from requirement 1. interpret your results. 5. calculate the company's ri. interpret your results. requirement 1. calculate the company's roi. round all of your answers to four decimal places. begin by selecting the formula to calculate return on investment (roi), and then enter the amounts to calculate the company's roi. (round your calculations to four decimal places and enter your answer as a percent, x. xx%)
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Kessler, Inc. received the following information from its pension plan trustee concerning the operat...
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