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fenix001 [56]
3 years ago
13

The following information for Cooper Enterprises is given below:December 31, 2018Assets and obligations Plan assets (at fair val

ue) $600,000Accumulated benefit obligation 1,110,000Projected benefit obligation 1,200,000Other Items Pension asset / liability, January 1, 2018 30,000Contributions 360,000Accumulated other comprehensive loss 503,700There were no actuarial gains or losses at January 1, 2018. The average remaining service life of employees is 10 years. What is the amount that Cooper Enterprises should report as its pension liability on its balance sheet as of December 31, 2018?a. $600,000b. $90,000c. $1,110,000d. $1,200,000
Business
1 answer:
stira [4]3 years ago
6 0

Answer:

a. $600,000

Explanation:

The computation of the amount reported as a pension liability on the balance sheet is as follows:

= Projected benefit obligation - plant asset at fair value

= $1,200,000 - $600,000

= $600,000

Hence, the amount reported as a pension liability on the balance sheet is $600,000

Therefore the correct option is a.

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Accounts Receivable. At year-end, the L. Cole Company has completed services of $23,500 for a client, but the client has not yet
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Answer and Explanation:

for Accounts Receivable. At year-end, the L. Cole Company has completed services of $23,500 for a client, but the client has not yet been billed for those services:

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for Accounts Receivable. A painting company bills customers when jobs are complete. The work for one job is now complete. The customer has not yet been billed for the $1,660 of work.:

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6 0
3 years ago
You are trying to choose between purchasing one of two machines for a factory. Machine A costs $15,500 to purchase and has a thr
maxonik [38]

Answer:

EAC of Machine A is $6,788.64

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Explanation:

Equivalent Annual Cost (EAC) = (Asset price x discount rate)/(1-(1+discount rate)^(-n))), in which n is the number of year for usage of asset.

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EAC of Machine B is $6,094.62 = ($17,400x15%)/(1-(1+15%)^(-4))

3 0
3 years ago
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Answer:

kung among bukang bibig, ziyang laman ng dibdib

7 0
4 years ago
Choose a company you frequently buy from.
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Coca Cola follows a price discrimination strategy in its marketing mix and the target market is younger customers within the age bracket of 10-25.

<h3>What is Marketing mix?</h3>

These are set of marketing tools that the firm uses to pursue its marketing objectives in the target market.

Coca Cola follows a price discrimination strategy in its marketing mix  means that they charge different prices for their products and its target market are young customers.

Read more about Marketing mix here brainly.com/question/859394

6 0
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The amount of money deposited 25 years ago at 5% interest that would now provide a perpetual payment of $15,000 per year is clos
Mademuasel [1]
The amount of money needed now to begin the perpetual payments is
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The amount that would need to have been deposited 25 years ago is
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6 0
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