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.

Andrew cooper decides to become a part owner of a corporation. as a part owner, he expects to receive a profit as payment because he has assumed the risk of - serious inflation eroding the purchasing power of his investment.- being paid before the suppliers and employees are paid.- losing his home, car, and life savings.- losing the money he has invested in the corporation and not receiving profits.- the company giving all of the profits to local communities

True or false: on january 1, year one, the epstein corporation buys a plot of land with a four-story office building. the company believes the building is worth $1.9 million and has an estimated life of twenty years (with no anticipated residual value). the straight-line method is used. the land has an assessed value of $100,000. because the seller was interested in a quick sale, epstein was able to buy this land and building for $1.7 million. depreciation expense to be recognized in year one is $80,750.

Transactions on april 1 of the current year, andrea byrd established a business to manage rental property. she completed the following transactions during april: opened a business bank account with a deposit of $45,000 from personal funds. purchased office supplies on account, $2,000. received cash from fees earned for managing rental property, $8,500. paid rent on office and equipment for the month, $5,000. paid creditors on account, $1,375. billed customers for fees earned for managing rental property, $11,250. paid automobile expenses for month, $840, and miscellaneous expenses, $900. paid office salaries, $3,600. determined that the cost of supplies on hand was $550; therefore, the cost of supplies used was $1,450. withdrew cash for personal use, $2,000. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300)