The letter of transmittal and the statistical section are classified as Comprehensive Annual Financial Report (CAFR).
These are not included in the basic financial statement and required supplementary schedule.
CAFR comprises the financial report of any state, municipality or government entity.
Answer:
$45,000
Explanation:
Calculation to determine the service cost for the year
PBO, $113,000
Add benefits paid to retirees, $14,500
Less interest cost ($7,500)
Less Beginning PBO ($75,000)
($7,500/0.1)
Service cost $45,000
($113,000+$14,500-$7,500-$75,000)
Therefore the service cost for the year will be $45,000
Answer:
Dr Income Tax Expense 37,000
Cr Deferred Tax Liability 2325
Cr Income Tax Payable 34,675
Explanation:
Bridgeport Inc Journal entry
Dr Income Tax Expense 37,000
Cr Deferred Tax Liability 2325
Cr Income Tax Payable 34,675
Income Taxes Payable = ($138,700 x 25%)
= $34,675
Deferred Tax Liability
= ($9,300 x 25%)
= $2,325
$144,200 + $3,800 – $9,300
= $138,700
Answer:
How will e-commerce affect Emerson's ability to export products from China?
Explanation:
The answer above is the least relevant question that Emerson should think about before taking the decision of either building the facility in China or in the United States.
The reason is that exporting goods that are ordered online, from China to the United States, should not represent any significant problem, since the United States already imports billions of dollars in goods from China every year (the United States has the largest trade deficit in the world, with China precisely).
The Chinese economy is built for exporting. What Emerson should decide is the city where to locate the facility. Ideally, it should be a city with good infraestructure like Shanghai or Shenzhen.