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
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

You might be interested in
MEMORANDUM TO: Human Resources Director FROM: Mark Taylor, Department Head SUBJECT: Promotions of Margaret Adams and Beth Taylor
emmasim [6.3K]

In the case above since the cases with the two people are similar,  we should Promote neither Margaret nor Beth.

<h3>What is promotion in an office?</h3>

The act of getting promoted is one that connote that a person have step into a leadership position.

Note that the more people, that person will have to be responsible for, and also more jobs goes with it and it is vital that your communication skills will be sharpened.

Note that since promotion will require more time which both individuals are not willing to give,  so therefore, In the case above since the cases with the two people are similar,  we should Promote neither Margaret nor Beth.

Learn more about Promotion from

brainly.com/question/11131986

#SPJ1

4 0
2 years ago
Nicolas maduro is the leader of what country, which is struggling with a major economic crisis that includes incredibly high inf
irga5000 [103]
Nicolas Maduro is the leader of Venezuela.
5 0
3 years ago
Which of the following conditions may or will cause firms to exit an industry?
Ahat [919]

Answer:

If price is less than minimum average variable cost, resulting losses will cause firms to leave the industry.

5 0
3 years ago
On August 1, Batson Company issued a 60-day note with a face amount of $52,200 to Jergens Company for merchandise inventory. (As
blsea [12.9K]

Answer:

a.

$52,200

b.

$51,156

Explanation:

Note are issued n the face value or the discounted value. When price of the note is the same as face value then it is known as issued on par/face value.

When price of the note is the lower as face value then it is known as issued on discounted value.

a.

Proceeds from the note issued is the price of the note at which it is issued. As the note is issued on the face value of $52,200, so the proceeds is the same value.

b.

Discount value = $52,200 x 12% x 60/360 = $1,044

Proceeds = Face value of the note - Discount on the note = $52,200 - $1,044 = $51,156

4 0
3 years ago
Importance of irritabilty​
Vera_Pavlovna [14]
Irritability is important from a mental health perspective as a common symptom of concern and predictor of outcomes.
3 0
3 years ago
Other questions:
  • A partnership is subject to federal income taxes. <br> a. True <br> b. False
    9·1 answer
  • Consider a Caribbean cruise route served by two cruise​ lines, Carnival and Royal Caribbean. Both lines must choose whether to c
    9·1 answer
  • The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate.
    10·1 answer
  • Which of the following characteristics of prospective financial statements would require the practitioner to include in a report
    7·1 answer
  • What is a reason one discounts future cash flows as part of the absolute valuation process?
    8·1 answer
  • Hepburn Company transferred $58,000 of accounts receivable to a local bank. The transfer was made without recourse. The local ba
    15·1 answer
  • How do facilitators ensure that a group works together effectively? Check all that apply.
    11·2 answers
  • Both you and your older brother would like to have $28,500 in 14 years. Because of your success in this class, you feel that you
    15·1 answer
  • Bob goes to the store to buy food.
    11·1 answer
  • Central, Inc., is a manufacturer of granite paints. Sales are seasonal due to the seasonality in the home-building industry. The
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!