Answer:
D
Explanation:
"Free enterprise" is an economic system in which private business operates in competition and largely free of state control. Which is basically option B.
Its free real estate----------------------------
According to reference.com "It is important to continue honoring veterans because it is a way of acknowledging the sacrifices they have made while serving their country. Without the service of veterans, Americans may not have the freedoms they do today."
D Reflect upon the feedback and mofify his approach so its more effective.
Answer:
(1) $322
Explanation:
(1) Pension Expense:
= Service Cost + Interest Cost - Expected rate of return + Amortization of prior service cost - Amortization of prior net gain
= $410 + (2800 × 7%) - (290 actual + 29 loss) + $45 - $10
= $410 + $196 - $319 + $45 - $10
= $322
(2) The journal entries are as follows:
(i) Pension expense A/c Dr. $322
Plan assets A/c Dr. $319
Amortization of net gain – OCI A/c Dr. $10
To Amortization of prior service-cost – OCI $45
To PBO $606
(To record pension expense)
(ii) Loss – OCI A/c Dr. $29
To plan assets $29
(To record loss on assets)
Working:
Loss on assets = {2900(11%-10%)}
= 2900 × 1%
= $29
(iii) Plan assets A/c Dr. $345
To cash $345
(To record funding)
(iv) PBO A/c Dr. $370
To plan assets $370
(To record Retiree benefits)
