Answer: $742,000,000
Explanation:
The balance of pension plan assets at fair value on December 31 will be:
Plan Assets at Fair value, January 1 = $640,000,000
Add: Actual return on plan assets = $44,000,000
Add: Contributions to the pension fund (end of year) = $94,000,000
Less: Pension benefits paid (end of year) = $36,000,000
Plan Assets at Fair value, December 31 = $742,000,000
Answer:
The correct answer is $132,664.89.
Explanation:
According to the scenario, the given data are as follows:
Present value (PV) = $50,000
Rate of interest (r) = 5%
Time period (n) = 20 Years
So, we can calculate future value by using following formula:
Future value = PV × (1 + r)^(n)
= $50000 × ( 1 + 5% )^20
= $50000 × (1 + 0.05)^20
= $132,664.89
Hence, After 20 years land will be worth $132,664.89.
Answer:
Explanation:
Preparation of all journal entries made in 2017 related to the bond issue.)
Jan.1
Dr Cash $618,000
Cr Bonds Payable $618,000
Cr Premium on Bonds Payable. $8,000D
c.3 Interest Expense $59,100
Dr Premium on Bonds Payable $900
($18,000 *$20)
Cr Interest Payable $60,000
($600,000 × 10% = $60,000)
Answer:
b) III.
Explanation:
Required Supplementary Information (RSI) of a state or local government includes the Management’s Discussion and Analysis (MD&A) section. Other than this, there is a separate section which includes the following:
- Schedules
- Statistical Data
- Budgetary Comparison Schedules & Other Information.
Required Supplementary Information includes Budgetary comparison schedules but does not includes remaining options given the question such as Individual fund statements and Combining statements.
Answer:
The question is not entirely correct, the discount is actually 2% not 3%
The correct answer is A,$196,000
Explanation:
The amount the Stowe-Arts Holdings co would receive from the customer is the invoice price less 3% of the invoice price as computed below:
cash receipt=invoice amount*(1-3%)
amount of cash=$200,000*(1-2%)=$196,000
The 3% produced an answer is not included as one of the options