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solniwko [45]
3 years ago
6

Yuri Co. operates a chain of gift shops. The company maintains a defined contribution pension plan for its employees. The plan r

equires quarterly installments to be paid to the funding agent, Whims Funds, by the fifteenth of the month following the end of each quarter. Assume that the pension cost is $122,600 for the quarter ended December 31.
Required:
Journalize the entry to record the accrued pension liability payment to the funding agent on January 15.
Business
1 answer:
Sunny_sXe [5.5K]3 years ago
6 0

Answer:

Date                   Account Title                      Debit           Credit

31 Dec.       Pension Expense                      $122,600

                   Unfunded pension liability                           $122,600

                   (To record the quarterly pension cost)

15 Jan.        Unfunded pension liability        $122,600

                   Cash                                                              $122,600

                   (To record the payment of accrued pension liability)

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Answer:

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Similarly, in the case of American Express Co. v. Italian Colors Restaurant, the court ruled that necessary arbitration clauses are legal.

6 0
3 years ago
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skelet666 [1.2K]

Given :

Apr-02  :

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8 0
3 years ago
Would an advertising agency use job order or process​ costing? What about a cell phone​ manufacturer?
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Answer:

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Cutting down on costs by earning an Associate’s degree first and then transferring to a four-year college or university can be d
balandron [24]

Answer:

\boxed {\boxed {\sf A. \ Local \ community \ college}}

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You can decide your path after, but many people choose to transfer to another four-year college/university. When they transfer, the 2 years at the community college counts as 2 years at the chosen institution, so they enter as a junior.

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So, the best answer is choice <em>A. Local community college</em>

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brainly.com/question/1875826

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