Question
In: Accounting
A company should adjust pension expense for which type of revenue(s) accumulated in the pension fund?...
A company should adjust pension expense for which type of revenue(s) accumulated in the pension fund?
Select one:
a. Interest Revenue, but not Dividend Revenue
b. Dividend Revenue, but not Interest Revenue
c. Both Dividend Revenue and Interest Revenue
d. Neither Dividend Revenue nor Interest Revenue
Solutions
Expert Solution
The answer is d. Neither Dividend Revenue nor Interest Revenue
The amount of expense is adjusted againts OCI
ekkarill92 answered 2 years agoRelated Solutions
For which type(s) of retirement plans is the yearly pension expense affected by expected market value...
For which type(s) of retirement plans is the yearly pension
expense affected by expected market value changes of the assets of
the plan?
Select one:
a. Both Defined Benefit and Defined Contribution
b. Neither Defined Benefit nor Defined Contribution
c. Defined Benefit, but not Defined Contribution
d. Defined Contribution, but not Defined Benefit
Pension Expense and Liability On December 31, 2016, Robey Company accumulated the following information for 2016...
Pension Expense and Liability
On December 31, 2016, Robey Company accumulated the following
information for 2016 in regard to its defined benefit pension
plan:
Service cost
$113,390
Interest cost on projected benefit obligation
11,810
Expected return on plan assets
11,250
Amortization of prior service cost
2,130
On its December 31, 2015, balance sheet, Robey had reported an
accrued/prepaid pension cost liability of $14,100.
Required:
1.
Compute the amount of Robey’s pension expense for 2016.
2.
Prepare all the journal entries...
A not-for-profit organization receives a restricted gift. When and in which type of fund should it...
A not-for-profit organization receives a restricted gift. When
and in which type of fund should it recognize the revenue? When and
in which type of fund should it recognize the related expense? What
is the reason for the apparent inconsistencies between the fund
types in which the revenue and expenses are reported? Include a
link to an article or current event to support your position.
A not-for-profit organization receives a restricted gift. When and in which type of fund should it...
A not-for-profit organization receives a restricted gift. When
and in which type of fund should it recognize the revenue? When and
in which type of fund should it recognize the related expense? What
is the reason for the apparent inconsistencies between the fund
types in which the revenue and expenses are reported?
For each of the following items, calculate the amount of revenue or expense that should be...
For each of the following items, calculate the amount of revenue
or expense that should be recognized on the income statement for
Pelkey Co. for the year ended December 31, 2016:
Required:
a. Cash collected from customers during the
year amounted to $878,000, and accounts receivable increased by
$46,300. How much were sales on account for the year ended December
31, 2016?.
b. Cash payments for income taxes during the
year were $189,000, and income taxes payable increased by $39,500....
Which of the following does not cause an increase in the pension expense for a defined...
Which of the following does not cause an increase in the pension
expense for a defined benefit plan?
Group of answer choices
Recognized prior service cost amortization
Service cost
Expected return on pension plan assets
Interest cost
Fund Name Fund Type Net Asset Value ($) 5 Year Average Return (%) Expense Ratio (%)...
Fund Name
Fund Type
Net Asset Value ($)
5 Year Average Return (%)
Expense Ratio (%)
Morningstar Rank
Amer Cent Inc & Growth Inv
DE
28.88
12.39
0.67
2-Star
American Century Intl. Disc
IE
14.37
30.53
1.41
3-Star
American Century Tax-Free Bond
FI
10.73
3.34
0.49
4-Star
American Century Ultra
DE
24.94
10.88
0.99
3-Star
Ariel
DE
46.39
11.32
1.03
2-Star
Artisan Intl Val
IE
25.52
24.95
1.23
3-Star
Artisan Small Cap
DE
16.92
15.67
1.18
3-Star
Baron Asset
DE...
When should revenue and expense be recognized in the accrual basis? Provide an example
When should revenue and expense be recognized in the accrual
basis? Provide an example
What is the accrual basis of accounting? When should revenue and expense be recognized in the...
What is the accrual basis of accounting? When should revenue and
expense be recognized in the accrual basis? Provide an example.
What is the accrual basis of accounting? When should revenue and expense be recognized in the...
What is the accrual basis of accounting? When should revenue and
expense be recognized in the accrual basis? Provide an example
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