Answer:
$677,000,000
Explanation:
The computation of pension expenses is shown below:-
Pension expenses = Service cost + Interest on PBO - Return on plan assets + Amortization of prior service cost - Amortization of net loss
= $366,000,000 + $737,000,000 - $593,000,000 + $13,000,000 - $154,000,000
= $677,000,000
Therefore for computing the pension expenses we simply applied the above formula so that the correct amount could come
The journal entries to record this event under each of the following separate situations.
A Journal entry is a record of the commercial enterprise transactions inside the accounting books of a enterprise. A well documented journal entry consists of the ideal date, amounts to be debited and credited, description of the transaction and a unique reference wide variety. A journal entry is the first step within the accounting cycle.
Journal entry
No account and explanation Debit Credit
a Cash 54200
Common Stock (6000*6) 36000
Paid in Capital in excess of par value-Common Stock 18200
b Cash 54200
Common Stock 54200
c Cash 54200
Common Stock (6000*3) 18000
Paid in Capital in excess of stated value-Common Stock 36200
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Answer:
Closer to the competitive equilibrium, thereby reducing social efficiency.
Explanation:
The market is not failed itself, so there is no need of taxes to clear it but to arrange revenue for government taxes some of the luxurious products the tax shifts supply curve to left and decrease equilibrium quantity which makes the dead weight loss in the market and the quantity get away from the efficient level.
In absence of market failures, when the government taxes market participants, the effect is to move the market :
Answer:
2
Explanation:
Reverse brain is a type of brain drain that occurs when a person moves from a more developed country to a less developed country. The knowledge, skills developed in the developing country can be used by the developed country from which she came from
Elizabeth moved from US (developed) to Europe (less developed). On returning to US, the government is concerned about accepting her contributions which she made in Europe
Answer:
This makes you the debtor. When you receive money whether it is in the form of a cheque or cash in hand, you are the debtor because money is being debited (or out into your bank account).
