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LUCKY_DIMON [66]
3 years ago
9

At December 31, 2017, Mallory, Inc., reported in its balance sheet a net loss of $12 million related to its postretirement benef

it plan. The actuary for Mallory at the end of 2018 increased her estimate of future health care costs. Mallory's entry to record the effect of this change will include: Group of answer choices A debit to Post-retirement benefit expense and a credit to APBO. A debit to Loss-OCI and a credit to APBO. A debit to APBO and a credit to Loss-OCI. A debit to Post-retirement benefit expense and a credit to Loss-OCI.
Business
1 answer:
Vaselesa [24]3 years ago
5 0

Answer:

A debit to Loss-OCI and a credit to APBO

Explanation:

When the net loss is reported on the balance sheet with respect to the postretirement benefit plan also the cost of the future health care is rise so the impact of the change would be that the other comprehensive income i.e. OCI would be debited while on the other hand the accumulated post benefit obligation would be credited

therefore the second option is correct

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For example: Our service time is less than the competition and we also give gifts to our buyers, things that the competition does not do.

The basis for differentiation is to look for that quality that the competition does not have and that adds value to what we are doing.

8 0
3 years ago
A company has positive cash flows from operating activities, negative cash flows from capital expenditures, and negative cash fl
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Growth stage. Profits from the company should be able to comfortably cover overhead and pay employees at this point. Sales are probably rising, and profit margins have risen once capital investments and loans have been repaid by the business.

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  • The net amount of cash and cash equivalents coming into and going out of a business is referred to as cash flow.
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8 0
1 year ago
What is ivan's marginal benefit if he decides to stay open for six hours instead of five hours?
Delicious77 [7]

Ivan's marginal benefit if he decides to stay open for six hours instead of five hours is $20. The marginal benefit can be solved by subtracting the total revenue of the equivalent hours.

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4 0
3 years ago
The Lincoln Company sold a $1,000 par value, noncallable bond several years ago that now has 20 years to maturity and a 7.00% an
Alecsey [184]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

6 0
3 years ago
During the month of January, Marcos &amp; Henesey, Inc. had total manufacturing costs of $165,000. It incurred $62,000 of direct
adell [148]

Answer:

$68,800

Explanation:

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Purchases = $68,800

6 0
3 years ago
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