Cullumber Company sponsors a defined benefit pension plan for its 600 employees. The company’s actuary provided the following information about the plan.

The average remaining service life per employee is 10.5 years. The service cost component of net periodic pension expense for employee services rendered amounted to $396,000 in 2020 and $472,000 in 2021. The accumulated OCI (PSC) on January 1, 2020, was $1,312,500. No benefits have been paid.

(a)

Compute the amount of accumulated OCI (PSC) to be amortized as a component of net periodic pension expense for each of the years 2020 and 2021.

Vollie Company, is a packaging company and implementing waste management. The company making boxes from timber. Legally, the company can damp the scrap of the timber to the Resource Recovery Centers. Milena, the CEO of the company has high awareness of environment safety. She is considering recycling the timber waste. Milena is thinking of buying a machine, which process the scrap timber to paper. The paper can be sold as an additional product line. This investment requires $ 4 500 000. It is estimated that this machine will last eight years, and it is estimated at the end of eight year the machine can be sold for 300,000. The expected annual incremental income of selling papers as follow:

YEAR INCOME

1: $3 200 000

2 :3 500 000

3 :3 900 000

4 :4 100 000

5 :4 900 000

6 :4 500 000

7 :4 200 000

8 :4 100 000

Vollie has a cost of capital equal to 12%. The company applies a straight-line depreciation method.

1. Compute the payback period (1 mark)

2. Calculate the NPV of the proposed project

3. Based on payback and NPV, provide your opinion, should accept or reject the project.  Justify your answer   (1 mark).

4. Explain the impacts of your decision in (3) to the business sustainability/environmental performance

1. List THREE communication techniques with children. 2. Name FOUR habits to explore during health interview. 3. List FOUR clinical manifestations of failure to thrive. 4. List FOUR guidelines for assessing toilet training readiness.

What might be an example of an external cost associated with the oil production (including oil transportation) described in the mock interview? If a firm’s price of its product did, in fact, include all external costs, how would this change production decisions?

Develop an interview agenda for a meeting with a Chief Financial Officer with a list of 10 questions that relate the accounting cycle at the organization but also a careful ear and eye for hints of the type of problems present with your new employer as they affect the accounting cycle process.

Zdon Inc. reports an accounting income of $105,000 for 2020, its first year of operations. The following items cause taxable income to be different than income reported on the financial statements.1- Capital cost allowance (on the tax return) is greater than depreciation on the income statement by $16,000. 2- Rent revenue reported on the tax return in $24,000 higher than rent revenue reported on the income statement. 3- non-deductible fines appear as an expense of $15,000 on the income statement. 4- Zdon's tax rate is 30% for all years and the company expects to report taxable income in all future years. Zdon report under IFRS

Instructions:

a. Calculate taxable income and income tax payable for 2020.

b. Calculate any deferred tax balances at December 31, 2020.

c. Prepare the journal entries to record income taxes for 2020.

d. Prepare the income tax expense section of the income statement for 2020, beginning with the line "Income before income tax"

e. reconcile the statutory and effective rates of income tax for 2020. Round rates to one decimal place.

f. Provide the SFP presentation for any resulting deferred tax accounts at December 31, 2020. Be specific about the classification.

g. Repeat part (f) assuming Zdon follow ASPE

1.

a) Anaylze the flow of units:

b) Compute equivalent units:

c)Compute the per units:

d)The value of Goods-inProcess in the cutting Department on 1/31/2020:

e)The value of Goods-In-Process transferred to the Stiching Department is:

Kash Company is reviewing its December 31, 2020 unadjusted trial balance and determines that a sale in the amount of $15,000 had been incorrectly recorded as a debit to sales and a credit to accounts receivables. The correcting journal entry at December 31, 2020 is:

1. Stanford Company has contracted to build for the City of New London a new courthouse. The estimated cost of the project is $6,000,000, and the contract price is $9,000,000. The courthouse took three years to complete as follows:

                                                2018                       2019                       2020
Costs to date                      $1,500,000           $4,000,000           $6,200,000
Cost to complete             $4,500,000           $2,200,000           $0

Amounts billed to date $1,400,000           $5,800,000           $9,000,000
Amounts collected to date
                                             $1,300,000           $4,300,000           $9,000,000

Determine the gross profit to be recognized for

                                         2018                           2019                   2020