subject
Business, 19.04.2021 15:20 samanthabutryn

Cullumber Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2017, the following balances relate to this plan. Plan assets $478,400
Projected benefit obligation 612,700
Pension asset/liability 134,300
Accumulated OCI (PSC) 97,100 Dr.

As a result of the operation of the plan during 2020, the following additional data are provided by the actuary.

Service cost $86,500
Settlement rate, 10%
Actual return on plan assets 56,000
Amortization of prior service cost 20,000
Expected return on plan assets 53,100
Unexpected loss from change in projected
benefit obligation, due to
change in actuarial predictions 78,200
Contributions 95,600
Benefits paid retirees 81,100

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

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 04:40
What is ur favorite song and by who i know dis is a random question
Answers: 2
question
Business, 22.06.2019 10:30
Which analyst position analyzes information using mathematical models to business managers make decisions? -budget analyst -management analyst -credit analyst -operations research analyst
Answers: 1
question
Business, 22.06.2019 14:30
crow design, inc. is a web site design and consulting firm. the firm uses a job order costing system in which each client is a different job. crow design assigns direct labor, licensing costs, and travel costs directly to each job. it allocates indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. direct labor hours (professional) 6,250 hours direct labor costs ($1,800,000 support staff salaries ,000 computer ,000 office ,000 office ,000 in november 2012, crow design served several clients. records for two clients appear here: delicious treats mesilla chocolates direct labor 700 hours 100 hours software licensing $ 4,000 $400 travel costs 8,000 1. compute crow design’s direct labor rate and its predetermined indirect cost allocation rate for 2012. 2. compute the total cost of each job. 3. if simone wants to earn profits equal to 50% of service revenue, how much (what fee) should she charge each of these two clients? 4. why does crow design assign costs to jobs?
Answers: 2
question
Business, 22.06.2019 17:00
Vincent is interested in increasing his earning potential upon completing his internship at a major accounting firm. which option can immediately boost his career in the intended direction? b. complete a certification from a professional organization c. complete a new four-year undergraduate program in a related field d. complete a two-year associate degree in a related field e. complete an online course in accounting
Answers: 3
You know the right answer?
Cullumber Corp. sponsors a defined benefit pension plan for its employees. On January 1, 2017, the f...
Questions
question
Mathematics, 25.02.2020 22:20
Questions on the website: 13722363