I have a feeling its B or D.. not so sure (:
Answer:
The pension expense for the year is $94,130
Explanation:
The computation of the pension expense is shown below:
= Service cost + Interest cost - expected return of plant
where,
Service cost = $61,000
Interest cost = PBO, January 1 × discount rate
= $910,000 × 10%
= $91,000
Expected return on plant asset = Plan assets (fair value), January 1 × Long-term expected return on plan assets
= $643,000 × 9%
= $57,870
Now put these values to the above formula
So, the value would equal to
= $61,000 + $91,000 - $57,870
= $94,130
Answer:
c.Common Stock, $15,000, and Paid-In Capital in Excess of Par—Common Stock, $7,000
Explanation:
When common stocks are issued the cash is received so, it is debited because cash is an asset and assets have debit nature. On the other hand equity accounts are credited, which may include the common stock (at par) account and Add-in-capital excess of par common stock ( if the stocks are issued over par value ).
Common Stocks = 1,000 x $15 = $15,000
Paid-In Capital in Excess of par = 1,000 x ( $22 - $15 ) = $7,000
Answer:
FEAR OF FAILURE
Explanation:
Ted is so apprehensive about the new role that the fear of failure constrains him from exploring his potential. Subconsciously, he's undermined his ability and resists change. His potential for growth and progress is therefore threatened.
