Answer:
b. $25,000
Explanation:
For computing the pension liability amount, we need to do apply the formula which is shown below:
= Projected benefit obligation - Fair value of plan assets
= $103,000 - $78,000
= $25,000
The net periodic pension cost and the employer's contribution is not relevant. So, these items are ignored and hence not included in the computation part.
The excess amount is shown as a pension liability.
The basis of Tobin's land was stepped up or down to the fair market value, and that value was $3,00,000.
<h3>What is inherited property?</h3>
When a death happens in a year, the ground of the property is travelled up or downbound to the fair market value on the day of death if there is an inheritance case.
The process of property to a successor or heirs upon the death of the owner, often known as succession. The term “inheritance” besides refers to the property.
Tobin has inherited a property from his father, that died in the present year, and the sightly market value on the date of death, according to the federal estate tax return, is $3,00,000. Tobin's basis in land is $3,00,000.
Learn more about the Federal estate, refer to:
brainly.com/question/14104041
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Answer:
letter a is the correct answer
Explanation:
pay as much as possible each month. This saves finance charges in long run.
Answer:
The answer is "$5500".
Explanation:
Analysis Differential:
Make Buy
Cost of variable
Fixed- cost
Purchasing cost
Cost of opportunity
Total relevant cost
Increasing operating income 