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svlad2 [7]
4 years ago
7

Bingo Land Inc. has a defined benefit pension for their employees. For the fiscal year 2019, the PBO beginning balance was $1,80

0. During the year, Service cost was $400. There was a Loss on PBO of ($150) during the year. The discount rate used by the actuaries is 6%. Plan assets had a beginning balance of $1,200 for 2019. The plan return was $ 144 with an expected return of $96 for the year. The net loss on pension beginning balance was ($50) at 1/1/2019. Bingo Land contributed $ 50 to plan assets at the end of the year. What is the balance in Net pension Gain/(Loss) as of 12/31/2019

Business
1 answer:
Umnica [9.8K]4 years ago
8 0

Answer:

Ending balance is $152

Explanation:

The table is attached below

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Anni [7]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

The company identifies three activities in its manufacturing process: machine setups, machining, and inspections.

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Cost driver= machine setups

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3 0
3 years ago
The Clyde Corporation's variable expenses are 40% of sales. Clyde Corporation is contemplating an advertising campaign that will
EastWind [94]

Answer:

The net increase in operating income would amounts to $ 20,000

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