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defon
3 years ago
14

"A company has a defined benefit pension plan for its employees. On December 31, year one, the accumulated benefit obligation is

$45,900, the projected benefit obligation is $68,100, and the fair value of the plan assets is $62,000. What amount, if any, related to the defined benefit plan should be recognized in the balance sheet at December 31, year one
Business
1 answer:
tester [92]3 years ago
7 0

Answer:

$6,100

Explanation:

Data given in the question

Accumulated benefit obligation = $45,900

Projected benefit obligation = $68,100

Fair value of the plan assets = $62,000

So, by considering the above information, the benefit plan recognized is

= Projected benefit obligation - fair value of the plan assets

= $68,100 - $62,000

= $6,100

Hence, the accumulated benefit obligation is ignored

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6 0
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On January 1, Puckett Company paid $1.71 million for 57,000 shares of Harrison’s voting common stock, which represents a 40 perc
vaieri [72.5K]

Answer:

Total 1,775,000

Explanation:

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The dividends under the equity method mean it is moving cash from one box (Harrison) to the main company (Puckett) so they decrease the Harrison valuation and increase cash, giving no effect on the assets of Puckett.

Total 1,775,000

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3 years ago
The service sector constitutes what percentage of employment in the united​ states?
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7 0
3 years ago
Which of the following is an example of​ arbitrage?
Kisachek [45]

Answer: Option (C)

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