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exis [7]
2 years ago
13

Pension data for Coda Corporation included the following for the current calendar year: Service cost $ 112,000 PBO, January 1 81

0,000 Plan assets, January 1 860,000 Amortization of prior service cost 6,600 Amortization of net loss 2,600 Discount rate, 8% Expected return on plan assets, 10% Actual return on plan assets, 12% Required: Determine pension expense for the year. (Amounts to be deducted should be indicated with a minus sign.)
Business
1 answer:
spayn [35]2 years ago
4 0

Answer:

Pension expense   $100,000

Explanation:

The computation of the pension expense for the year is shown below:

Service cost   $112,000

Interest cost $64,800 ($810,000 × 8%)  

Amortization of prior service cost $6,600

Amortization of net loss $2,600

Less: Expected return on plan assets -$86,000  ($860,000 × 10%)

Pension expense   $100,000

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<span>Buyer normally pays the transportation costs</span>
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3 years ago
The focus of Performance Based Logistics (PBL) is to leverage best practices of both Government and Industry.
natita [175]

The focus of Performance Based Logistics (PBL) is to leverage best practices of both Government and Industry.--- True

Explanation:

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What is the focus of performance based logistics?

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1 year ago
Identify a cost driver that may be used to assign each cost pool to each line of snowmobiles. Budgeted Costs Cost Driver Machine
Norma-Jean [14]

Explanation:

The identification of the cost driver is presented below:

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2 years ago
An unmanned instrumented spacecraft designed for the acquisition of scientific data carried out in a space environment is called
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3 years ago
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Answer:

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Investment in stock is a highly risky investment because price of stock often fluctuates which can make an investor to lose a lot of money.  

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