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Andrew [12]
3 years ago
5

Crane Corp., a company whose stock is publicly traded, provides a noncontributory defined-benefit pension plan for its employees

. The company's actuary has provided the following information for the year ended December 31, 2021: Projected benefit obligation $ 622000 Accumulated benefit obligation 449000 Fair value of plan assets 740000 Service cost 180000 Interest on projected benefit obligation 12000 Amortization of prior service cost 36000 Expected and actual return on plan assets 46500 The market-related asset value equals the fair value of plan assets. No contributions have been made for 2021 pension cost. In its December 31, 2021 balance sheet, Crane should report a pension asset / liability of
Business
1 answer:
stiv31 [10]3 years ago
7 0

Answer:

$118,000

Explanation:

Calculation to determine what Crane should report a pension asset / liability

Fair value of plan assets $740,000

Less Projected benefit obligation ($ 622,000)

Pension asset / liability $118,000

($740,000-$622,000)

Therefore Crane should report a pension asset / liability of $118,000

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The manager is responsible for keeping up to date on all regulations and food safety practices as well as food-borne illness and monitoring their entire staff.

<h3>How does food safety work?</h3>

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Food safety is an issue that affects many facets of daily living on a worldwide scale.

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4 0
1 year ago
Holly took a prospective client to dinner, and after agreeing to a business deal, they went to the theater. Holly paid $350 for
Brut [27]

Answer: $175

Explanation:

Here we can see that the business discussion happened only at dinner.

After Dinner they went for entertainment at the Cinema so that amount is not deductible as a business Expense.

The only amount deductible is the $350 for the meal.

Meals with clients are considered to be 50% deductible so solving for that we have,

= 350 * 0.5

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$175 is amount of the expenditures that Holly can deduct as a business expense.

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2 years ago
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Arte-miy333 [17]

Answer:

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Correct answer: A

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