Elm City contributes to and administers a single‐employer defined benefit pension plan on behalf of its covered employees. The plan is accounted for in a Pension Trust Fund. Actuarially determined employer contribution requirements and contributions actually made for the past three years, along with the percentage of annual covered payroll, were as follows: Contribution made Actuarial requirement Amount Percent Amount Percent 2005 $11,000 26 $11,000 26 2004 5,000 12 10,000 24 2003 None None 8,000 20 To record the 2005 pension contribution of $11,000, what debit is required in the governmental‐type fund used in connection with employer pension contributions?

Witch is an example of a non durable good?

Amarket that consists of all possible consumers regardless of their specific needs or wants is a

Mae jong corp. issues $1,000,000 of 10% bonds payable which may be converted into 10,000 shares of $2 par value ordinary shares. the market rate of interest on similar bonds is 12%. interest is payable annually on december 31, and the bonds were issued for total proceeds of $1,000,000. in accounting for these bonds, mae jong corp. will: (a) first assign a value to the equity component, then determine the liability component. (b) assign no value to the equity component since the conversion privilege is not separable from the bond.(c) first assign a value to the liability component based on the face amount of the bond.(d) use the “with-and-without” method to value the compound instrument.