Answer:
$584,000
Explanation:
Calculation for the amount of pension liability that should be reported
Projected benefit obligation $2,561,000
Less Plan assets at fair value 1,977,000
Pension liability $584,000
Therefore the Pension liability balance at December 31, 2017 will be $584,000
Answer:
Being financially responsible means to not spend your money on stuff that aren't needed. It also means saving your money for when you actually need it. Evaluate your earning spendings habits and see how you could maybe save more money each paycheck.
Answer:
The answer is: B) User
Explanation:
In this specific case the students can be both only final users of your products (books) or they can also be the buyers/users of the books. They are obviously going to be the product’s end-users. They will need to read and study the books for their university classes.
That doesn´t necessarily mean that they are going to buy the books. They definitely are not going to decide whether those books are appropriate and useful for the university´s courses or not. When I went to college sometimes our professor told us to buy certain books and other times textbooks were given to us.
Answer:
A) (I) is true, (II) false.
Explanation:
Banks are financial intermediaries that accept deposits and make loans.
However the term "banks" does not regularly include firms such as credit unions, insurance companies, and pension funds.; because credit unions are not-for-profit organisations and insurance companies are a non-bank financial institution that provides its customers risk protection depending on the level of policy they have sold to such customers. Pension funds are more like deposits made against retirement.
Answer: $10,000
Explanation:
If you purchase a house and pass the ownership test of having lived in the house for at least 2 years in the past 5, you can exclude $250,000 from the capital gains as a single person.
Lori passes the ownership test and so can claim the tax exclusion.
Capital gain:
= Cash received - Purchase costs
= (575,000 - 35,000) - (250,000 + 5,000 + 25,000)
= $260,000
After claiming exclusion of $250,000
= 260,000 - 250,000
= $10,000
