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katrin [286]
3 years ago
6

An unfunded pension liability is reported on the balance sheet as a(n) a.current liability or a long-term liability, depending u

pon when the pension liability is to be paid. b.long-term liability. c.current liability. d.owners' equity.
Business
1 answer:
Ray Of Light [21]3 years ago
7 0

Answer:

A)current liability or a long-term liability, depending upon when the pension liability is to be paid

Explanation:

Unfunded pension plans can be regarded as plans that do not have

any assets set aside, in this case,

retirement benefits are usually paid from employer contributions directly. The set up of the retirement accounts can be by companies or governments.

Unfunded Liability = [( Value of Pension Fund Assets invested ) -[ ( present value of all future liabilities to pay pensions)]

After using this formula, if the gotten

result is less than "zero" then pension plan can be regarded as "underfunded"

It should be noted that An unfunded pension liability is reported on the balance sheet as a current liability or a long-term liability, depending upon when the pension liability is to be paid.

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Blossom Co. records purchases at net amounts and uses periodic inventories. Prepare entries for the following: (Credit account t
xz_007 [3.2K]

Answer:

See the explanation below

Explanation:

Blossom Co. Journal Entries

Date            Details                            DR ($)               CR ($)

June 11        Purchases                      19,000

                   Accounts payable                                 19,000    

                  <em> Being the purchase of merchandise on account</em>

June 15       Account payable                750

                   Return outward                                         750        

                   <em>Being the return of a part of the merchandise purchased</em>

Note:

Blossom Co. returned the goods within 10 days, the full amount of the good returned will be charged to the accounts receivable.

Also, assuming that Blossom Co. within 10 days, it will enjoy 2% discount on the outstanding accounts payable and this will be calculated and recorded as follows:

Cash paid within 10 days = (19,000 - 750) × 98% = 17,885  

Date            Details                            DR ($)               CR ($)

                   Account payable            17,885  

                   Cash                                                          17,885        

                   <em>Being cash paid for the merchandise purchased</em>

However, if it pays after 10 days, the transactions will be as follows:

Cash paid after 10 days but on or before 30th day = 19,000 - 750 = 17,885  

Date            Details                            DR ($)               CR ($)

                   Account payable            18,250  

                   Cash                                                          18,250        

                   <em>Being cash paid for the merchandise purchased</em>

7 0
3 years ago
Choose an advertisement that you found to be especially memorable. Describe the advertisement and explain how effective it is. D
vodka [1.7K]

Answer:

"Priceless" advertisings for Mastercard.

Explanation:

The advertising describes memorable situations that you find priceless like, the smile of a child, sports moments are also used like winning tennis titles celebrations for Roger Federer.

The message of this brand is strong already and well known for consumers the idea will be to enhance the channels in which the advertisements are displayed. Use the internet to promote the brand. Using the social media networks that are most popular.  

6 0
3 years ago
Use the following information to calculate cash received from dividends: Dividends revenue $ 32,300 Dividends receivable, Januar
drek231 [11]

Answer:

$31,000

Explanation:

Calculation for the cash received from Dividend

Beginning dividends receivable + Dividend revenue - dividends paid = Ending dividends receivable

Hence,

Using this formula

Dividends paid = Beginging dividends receivable + dividend revenue - Ending dividends receivable

Let plug in the formula

= 3,100+32,300-4,400

=31,000

Therefore the amount of cash received from dividend will be $31,000.

Thus the dividend revenue is not the dividends which was received in cash, but instead it is the dividends which was earned during the period.

4 0
3 years ago
Can we talk about the political and economic state of the world right now
JulsSmile [24]

In the political state of the world as at now, a lot of countries are using representative democracy where there seems to economic power tussle between China and America.

<h3>What is the current state of the world economy?</h3>

The economy of different nations are said to be growing wile some are expressing some financial crises.

Note that studies has shown that Global growth will rise to about 3.4 percent for 2021.

Therefore, In the political state of the world as at now, a lot of countries are using representative democracy where there seems to economic power tussle between China and America.

Learn more about  political state from

brainly.com/question/9261004
#SPJ1

8 0
1 year ago
The payroll register for D. Salah Company for the week ended May 18 indicated the following:
Tema [17]

Answer:

a. May 18

Dr Salaries expense $615000

Cr Social security tax payable $36900

Cr Medicare tax payable $9225

Cr Employment federal income tax payable $165000

Cr Salaries payable $403875

b. May 18

Dr Payroll tax expenses $48915

Cr Social security tax payable $36900

Cr Medicare tax payable $9225

Cr State unemployment taxes payable $2430

Cr Federal unemployment taxes payable $360

Explanation:

a. Preparation of the journal entry to record the payroll for the week of May 18.

May 18

Dr Salaries expense $615000

Cr Social security tax payable $36900

(615000*6%)

Cr Medicare tax payable $9225

(615000*1.5%)

Cr Employment federal income tax payable $165000

Cr Salaries payable $403875

($615000-$36900-$9225-$165000)

(To record the payroll for the week of May 18)

b. Preparation of the journal entry to record the payroll tax expense incurred for the week of May 18.

May 18

Dr Payroll tax expenses $48915

($36,900+$9225+$2430+$360)

Cr Social security tax payable $36,900 (615000*6%)

Cr Medicare tax payable $9225

(615000*1.5%)

Cr State unemployment taxes payable $2430 (45000*5.4%)

Cr Federal unemployment taxes payable $360 (45000*0.8%)

(To record the payroll tax expense incurred for the week of May 18)

8 0
2 years ago
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