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


Related 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
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT