Answer:
$88,000
Explanation:
The computation of the pension expense for the year is shown below:
Service Cost $100,000
Add: Interest Cost $60,000 ($750,000 × 8%)
Add: Amortization of prior service cost $6,000
Add: Amortization of net loss $2,000
Less Expected return on plan assets $80,000 ($800,000 × 10%)
Pension Expense $88,000
We simply deduct the expected return on plant assets and the other values would be added to the service cost so that the pension expense could come
Answer:
$242
Explanation:
Calculation to determine How much can David make this week
Earnings for David =( 22*$7) + (1100*8%)
Earnings for David=$154*$88
Earnings for David= $242
Therefore How much can David make this week is $242
Answer:
The answer is option A) The corporation may have liability, but not the individual owners.
Explanation:
The corporation may have liability, but not the individual owners because it is a C Corporation.
A C Corporation legally separates owners' or shareholders' assets and income from that of the corporation. This helps to limit the liability of investors and firm owners since the most that they can lose in the business's failure is the amount they have invested in it.
So, even if the team get sued for negligence because an individual who turned to see the quarterback running naked crashed her car, the corporation will have liability.
Answer:
Capitalized value $582.000.
Explanation:
Step 1. Given information.
- The common share of Miser had a fair value of $50 per share.
Step 2. Formulas needed to solve the exercise.
- Fair value of shares = Price per share * (Amount by selling scrap - exchanged shares)
- Capitalized value = fair value of shares - value of scrap.
Step 3. Calculation.
Fair value of shares = $50 * (18.000 - 6.000) = $600.000
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<em>Land should be capitalized by fair market value of share exchanged less any recovery of scrap as land will be developed for future plant. </em>
Step 4. Solution.
<em />
Fair value of shares = $50*12.000 = $600.000
Less: value of scrap = $18.000 .
Capitalized value = $600.000 - $18.000 = $582.000.
