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alina1380 [7]
2 years ago
6

Presented below is pension information for Ceylan Inc.for the year 2019: Service cost $82,000 Interest on projected benefit obli

gation 56,000 Interest on vested benefits 20,000 Amortization of prior service cost due to increase in benefits 12,000 Expected return on plan assets 18,000 The amount of pension expense to be reported for 2019 is
Business
1 answer:
Advocard [28]2 years ago
3 0

Answer:

$132,000

Explanation:

Particulars                                                              Amount

Service cost                                                           $82,000

Add: Interest on projected benefit obligation     $56,000

Add: Amortization of prior service cost               $12,000

due to increase in benefits

Less: Expected return on plan assets                  <u>($18,000)</u>

Pension expense                                                   <u>$132,000</u>

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Which of the following is not an example of a significant noncash transaction? Conversion of bonds into common stock. Sale of pl
Lostsunrise [7]

Answer:

Sale of plant assets.  If the company<u> sales an equipment it will receive cash </u>for it. We are not given with any information of this transaction not being in cash, so we should assume it was a sale in cash or cash equivalent.

Explanation:

<u>Conversion of bonds into common stock.</u> The bonds, which are outstanding and represent a promise to pay, are converted into common stock, this transaction doesn't involve cash.

<u>Issuance of common stock to purchase land. </u>The land is acquire in exchange of common stock, the company is not using cash. the owner of the land can later sold the stock to a third party but it won't affect the cash flow of the company.

<u>Issuance of debt to purchase equipment </u>Like singing a note to purchase a machine, no cash is involve.

3 0
3 years ago
In an attempt to have funds for a down payment, Jan Carlson plans to save $3,700 a year for the next five years. With an interes
Sveta_85 [38]

Answer:

$20,857.24

Explanation:

This is an ordinary annuity question which can be solved using a financial calculator. The inputs are as follows;

Total duration of investment; N = 5

Interest rate per year; I/Y = 6%

Recurring annual payment;  PMT = 3,700

One time cashflow; PV = 0

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Therefore, Jan will have $20,857.24 as down payment in 5 years.

7 0
3 years ago
Charismatic leaders ________
AfilCa [17]

Answer:

C

Explanation:

one it makes sense & it fits in the context of the sentence

7 0
3 years ago
When command is transferred, then all personnel involved in the incident should be told.
olga nikolaevna [1]

Based on the principle of formality, the correct answer goes:

  • The effective time and date of the transfertransfertransfertransfer

<h3>Command of transfer</h3>

When command is transferred, then all personnel with a need to know should be told: The effective time and date of the transfer.

In conclusion, we can conclude that the correct answer is as informing about effective time and date.

Learn more about transferring officer here: brainly.com/question/10721205

6 0
2 years ago
Which of the following items is the one type of household expenditure that is categorized as investment rather than consumption
Simora [160]

Answer:

a. the purchase of a new home 

Explanation:

Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year

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The purchase or a new home is considered an investment and thus it is added to investment when calculating GDP .

I hope my answer helps you

4 0
3 years ago
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