1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
VladimirAG [237]
3 years ago
12

Castillo Company has a defined benefit pension plan. At the end of the reporting year, the following data were available: beginn

ing PBO, $75,000; service cost, $18,000; interest cost, $5,000; benefits paid for the year, $9,000; ending PBO, $89,000; the expected return on plan assets, $10,000; and cash deposited with pension trustee, $17,000. There were no other pension-related costs. The journal entry to record the annual pension costs will include a credit to the PBO for:
Business
1 answer:
Luda [366]3 years ago
6 0

Answer:

$23,000

Explanation:

Before recording the journal entry, first we have to determine the pension expense amount which is shown below:

Pension expense = service cost + interest cost - expected return on plan assets

= $18,000 + $5,000 - $10,000

= $13,000

Now the journal entry would be

Pension expense A/c Dr $13,000

Plan asset A/c Dr $10,000

        To PBO A/c $23,000

(Being the annual pension cost is recorded)

All other information which is given is not relevant. Hence, ignored it

You might be interested in
Managing Financial Information<br> Project: Analyzing Consumer Protections Active
3241004551 [841]

Answer:

you want me to do a whole project?!

Explanation:

5 0
3 years ago
Read 2 more answers
Sankey co. has earnings per share of $4. 25. the benchmark pe is 19. 4 times. What stock price would you consider appropriate?
Rashid [163]

An appropriate stock price will be $82.45 ($4.25 * 19.4).

The most common manner to price stock is to compute the organization's rate-to-income (P/E) ratio. The P/E ratio equals the enterprise's stock rate divided via its maximum lately suggested income in line with proportion (EPS). A low P/E ratio means that an investor buying the inventory is receiving an appealing amount of value.

The time period inventory fee refers to the current rate that a proportion of inventory is bought and sold for available on the market. Every publicly-traded company, when its shares are issued, is given a fee – a challenge in their value that ideally reflects the price of the corporation itself.

An inventory is a general term used to explain the ownership certificates of any organization. A proportion, on the other hand, refers to the inventory certificate of a selected organization. Protecting a specific employer's percentage makes you a shareholder.

Learn more about the organization here brainly.com/question/1288780

#SPJ4

6 0
2 years ago
Joanie recognizes that the board and CEO are particularly worried that individuals will post negative information about the comp
Vilka [71]

<u>Answer</u>:

<u>Should create a non disclosure agreement policy</u>

<u>Explanation:</u>

This is a legally binding agreement that mandates parties to a contract in this case between an employer with an employee, in which the employee agrees not to disclose publicly or to any one negative information about the company that is deemed confidential (secret or private), and that may affect the company negatively.

Thus, to reduce the worries of the board and CEO, Joanie should create a non disclosure agreement signed by employees.

8 0
3 years ago
Is the WTO's idea of "fair competition" really a code phrase for free trade?
Semenov [28]

Answer:

Yes, the WTO stands for trade liberalization, which requires transparency, economic reform, and no protectionism, regardless of the member nation's economic situation.

3 0
3 years ago
The Starfire Coffee chain was the only coffee-shop chain and meeting place in many American cities for more than 12 years. Peopl
Kamila [148]

Answer: In this particular case we can reason that this scenario represents <em><u>monopolistic-ally competitive market.</u></em>

Both coffee house  are offering a similar product and commodity, with only little differentiation in their design.

i.e. The Starfire Coffee chain provided consumer with peppermint coffee and the experience of sitting in front of a roaring fire, chatting with friends.

whereas Reindeer provided consumer with a mug of hot cocoa and a similar community experience.

5 0
3 years ago
Other questions:
  • After the death of her husband, Gina Baker, 35, received a check for $350,000 from a life insurance company. Gina has two small
    8·2 answers
  • A loan of $32,000 is to be repaid by the sinking fund method with annual payments. Interest on the loan is paid at a 6% annual e
    10·1 answer
  • Anemployer may choose to match money employees invest in a
    5·1 answer
  • A certain firm believes in providing its employees the best facilities. It decides to serve imported and expensive Colombian cof
    5·1 answer
  • During a concealment investigation, an investigator fails to recognize that an invoice had been forged. This represents a: a. no
    11·1 answer
  • The Containers Inc. experienced the following events during its first year of operations,
    7·1 answer
  • On a production possibilities curve, a change from economic inefficiency to economic efficiency is obtained by a) movement along
    15·1 answer
  • Where would revenue be maximized for a company facing a linear demand curve
    9·1 answer
  • Which statement below best describes the positivist way of conceptualizing an organization?
    5·1 answer
  • (Assumptions, Principles, and Constraint) Presented below are the assumptions, principles, and
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!