Answer and Explanation:
The journal entry is shown below:
On Dec 31
Pension expense $157,100
To Unfunded pension liability $157,100
(Being the quarterly pension cost is recorded)
here the pension expense is debited as it increased the expense and credited the unfunded pension liability as it also increased the liabilities
So, the above journal entry should be recorded
Answer:
Correct option is (C)
Explanation:
Mrs Meadows is the CEO, which means she is an employee in the company. So, her obligations are limited to the duties carried out by her. She will be personally obligated for her actions only if she commits a tort or crime related to the transaction.
If that is not the case, then she is not personally liable for the money owed to the vendor. The company is held liable for obligations towards the vendor.
Based on the base year used by Cruzville economists to calculate inflation, the following at the CPIs:
- 2013 = 100
- 2014 = 112
- 2015 = 130
<h3>What is the CPI over the years?</h3>
As 2013 is the base year, the CPI will be 100 because all base years are 100 for CPI purposes.
The CPI in 2014 is:
= 112
This is due to an inflation rate of 12%.
An inflation rate of 16.1% is the reason why the CPI in 2015 is 130.
Find out more on CPI at brainly.com/question/1889164.
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Answer:
The correct answer is C
Explanation:
Contract is the legal term which is defined as the agreement which is legally enforceable among two or more than two parties. And the contract could be written or oral.
So, in this scenario, Jeremy had an agreement with Shelly to pay per month $50 and for four months. But Jeremy breach the contract when two months left on the contract to complete.
Therefore, the incompensatory damages to Shelly be entitled is computed as:
Damage amount = Amount Per month × Number of months
= $50 × 2
Damage amount = $100
