Answer:
Pension expense $100,000
Explanation:
The computation of the pension expense for the year is shown below:
Service cost $112,000
Interest cost $64,800 ($810,000 × 8%)
Amortization of prior service cost $6,600
Amortization of net loss $2,600
Less: Expected return on plan assets -$86,000 ($860,000 × 10%)
Pension expense $100,000
Considering your program options is STEP TWO of the planning process.
The planning process is made up of five steps, which are:
1. determine your personal goals
2.consider your program options
3. Set SMART goals; that is, let your goals be specific, measurable, attainable, realistic and timely
4.Structure your program and document it
5. Keep a log and evaluate your program.
Answer: The income statement should reflect $15,000.
Explanation: The reason is because accounting procedures are always guided by certain principles or concepts. One of such concepts is the Realization Concept. This simply states that income is considered to have been earned when the goods/services have been dispatched /rendered to the client and the client has incurred liability for such (or has accepted his/her indebtedness). The Accrual Concept is also applicable in the above instance because this concept/principle states that revenues and expenses are recognized as soon as they are earned and incurred and not when money is expended or received. So basically, XYZ Law firm has provided services for two clients. One of them has paid while the other will pay sometime later. Both of them are already recognized as revenue and the current income statement will reflect revenue transactions to the tune of $15,000.
Answer:
Under striaght line the depreciation wil be of 10,548 dollar per year.
Explanation:
the accouting will enter the asset as the sum of all necessary cost to aquire it and leave it ready for use:
price 54,500
taxes 2,050
shipping 100
insurance 110
installation <u> 80 </u>
<em>total </em><em> 56,840</em>
depreciation per year:
(cost - salvage value ) / useful life
(56,840 - 4,100) / 5 = 10.548
<span>No, Ruth may not sell in the office but may contact subordinates after hours.
As fema Supervisor, Ruth has the obligation to maintain overall Fema Operations during her work hour.
After she finished her shift on the other hand, Ruth has the right to conducting her own business.</span>
