Crane Corp. sponsors a defined benefit pension plan for its employees. On January1, 2017, the following balances relate to this plan. Plan assets $721,000
Projected benefit obligation 847,000
Pension asset/liability 126,000

Cr. Accumulated OCI (PSC) 98,000 Dr. As a result of the operation of the plan during 2017, the following additional data areprovided by the actuary.

Service cost $91,000
Settlement rate 6%
Actual return on plan assets 51,000
Amortization of prior service cost 29,000
Expected return on plan assets 47,000

Unexpected loss from change
in projected benefit due to change
in actuarial predictions 60,000
Contributions 111,000
Benefits paid retirees 100,000

Required:
Using the data above, compute pension expense for Webb Corp. for the year 2017 by preparing a pension worksheet.

Which of the following statements is true? a. financial investment refers to the creation and expansion of business enterprisesb. economic investment refers to the creation and expansion of business enterprisesc. economic investment refers to the purchase of assets such as stocks, bonds, and real estated. both economic and financial investment refer to the purchase of assets such as stocks, bonds, and real estate

If you were running a company, what are at least two things you could do to improve its productivity.

Selected information about income statement accounts for the reed company is presented below (the company's fiscal year ends on december 31): 2018 2017sales $ 4,400,000 $ 3,500,000cost of goods sold 2,860,000 2,000,000administrative expenses 800,000 675,000selling expenses 360,000 312,000interest revenue 150,000 140,000interest expense 200,000 200,000loss on sale of assets of discontinued component 50,000 —on july 1, 2018, the company adopted a plan to discontinue a division that qualifies as a component of an entity as defined by gaap. the assets of the component were sold on september 30, 2018, for $50,000 less than their book value. results of operations for the component (included in the above account balances) were as follows: 1/1/18-9/30/18 2017 sales $ 400,000 $ 500,000 cost of goods sold (290,000 ) (320,000 )administrative expenses (50,000 ) (40,000 )selling expenses (20,000 ) (30,000 )operating income before taxes $ 40,000 $ 110,000 in addition to the account balances above, several events occurred during 2018 that have not yet been reflected in the above accounts: a fire caused $50,000 in uninsured damages to the main office building. the fire was considered to be an infrequent but not unusual event. inventory that had cost $40,000 had become obsolete because a competitor introduced a better product. the inventory was sold as scrap for $5,000.income taxes have not yet been recorded. required: prepare a multiple-step income statement for the reed company for 2018, showing 2017 information in comparative format, including income taxes computed at 40% and eps disclosures assuming 300,000 shares of common stock. (amounts to be deducted should be indicated with a minus sign. round eps answers to 2 decimal places.)