Answer:
Option D. $10,000 is the correct answer.
Explanation:
Journal Entry for pension expenses:
Pension Expense $10,000
Cash $10,000
(To record pension expenses)
Pension expenses for the year ended is comprised of the following components of pension cost.
Service Cost $14,000
Interest cost $6,000
Expected return on plan assets $10,000
__________
Pension expenses $10,000
Answer:
B. planning on selling their homes before the term of the loan ends.
Explanation:
just took the test
Answer:
Explanation:
For recording of the journal entry, first we have to compute the tax payable amount which is shown below:
Pretax accounting income tax expense = pretax accounting income × tax rate
= $210,000 × 40%
= $84,000
Tax payable for taxable income = Taxable income × tax rate
= $155,000 × 40%
= $62,000
Now, the journal entry would be:
Income tax expense A/c Dr $84,000
To Income tax payable $62,000
To Deferred tax liability $22,000
(Being income tax expense recorded)
The remaining amount has come under deferred tax liability.
Essential!! it’s very essential to solving
Answer: See explanation
Explanation:
a. Consumption = $670 + (30 × $75)
= $670 + $2250.
= $2920
Consumption is $2920
b. Investment = 0
c. Government Purchases = 0
d. Imports = Amount spent on foreign good = 30 × $75 = $2250
e. Exports = Amount of local goods sold to other countries = $100 × $45 = $4500
f. Net Exports = Export - Import
= $4500 - $2250.
= $2250
g. Gross Domestic Product (GDP)
= C + I + G + (X - M)
= 2920 + 0 + 0 + (2250)
= $2920 + $2250.
= $5170
