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ioda
3 years ago
10

The following information relates to Schmidt Sausage Co.'s defined benefit pension plan during the current reporting year: ($ in

millions) Plan assets beginning of the year $ 400 Expected return on plan assets 40 Actual return on plan assets 32 Cash contributions 60 Amortization of net loss 8 Retiree benefits 9 Required: Determine the amount of pension plan assets at fair value on December 31.
Business
1 answer:
pav-90 [236]3 years ago
3 0

Answer:

400 dollars is expected on the year and return the asssests as 40 actual return is actually 32 but then u add a little and get 60 so then you lose 8 dollars because your mom wanted u to buy something for her then retiree from your job and get 9 dollars of benefit that you need the amount of a pension plens assest a fair in december 33

Explanation:

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Mijka Company was started on January 1, Year 1. During Year 1, the company experienced the following three accounting events: (1
yaroslaw [1]

Answer:

Mijka Company

a. Journal Entries

Debit Cash $30,400

Credit Service Revenue $30,400

To record the proceeds for services provided.

Debit Expenses $13,800

Credit Cash $13,800

To record the payment of cash for services.

Debit Dividend $2,100

Credit Cash $2,100

To record the payment of cash dividend.

b. Income Statement for the year ended December 31, 2018:

Service Revenue     $30,400

Expenses                   13,800

Net Income             $16,600

Dividends                   (2,100)

Retained earnings $14,500

Statement of Changes in Stockholders' Equity as of December 31, 2018:

Retained Earnings    $14,500

Balance Sheet as of December 31, 2018:

Assets:

Cash                       $14,500

Equity:

Retained Earnings $14,500

Explanation:

a) Data and Calculations:

Cash revenue $30,400

Cash expense  (13,800)

Cash dividend    (2,100)

Cash balance  $14,500

5 0
3 years ago
If an account has a credit balance it means​
Brums [2.3K]

Answer:

If the total of your credits exceeds the amount you owe, your statement shows a credit balance. This is money the card issuer owes you. You can call your card issuer and arrange to have a check sent to you in the amount of the credit balance.

Explanation:

Hope this help!!

6 0
2 years ago
Which of the following are miscellaneous taxes?
777dan777 [17]

Answer:

A) Hunting license fees

B) License plate fees

D) Marriage license fees

Explanation:

A miscellaneous tax is any tax levied other than incomes taxes or transfer taxes (e.g. excise taxes including sales and gasoline taxes, real estate transfer taxes, estate taxes, gift taxes). Transfer taxes are paid when the ownership of a property (including goods and services) is transferred from one person to another.

Sales taxes and gasoline taxes are both excise taxes, therefore they fall under the category of transfer taxes.

Inheritance taxes are called estate taxes, which also fall under the category of transfer taxes.

6 0
3 years ago
If the amount of variability due to within group differences is equal to the amount of variability due to between group differen
Anna11 [10]

If the amount of variability due to within-group differences is equal to the amount of variability due to between-group differences, your F value will be equal to one (1).

<h3>What is the F value?</h3>

In biology, the F value is a statistic used to estimate the variation level between different groups that can be explained by collected data.

The F value is used to test (either confirm or reject) a given explanation of data, which is known as the null hypothesis.

In conclusion, if the amount of variability due to within-group differences is equal to the amount of variability due to between-group differences, your F value will be equal to one (1).

Learn more about the F value here:

brainly.com/question/24515272

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8 0
2 years ago
which describes the economic role of a worker? a buys goods and services b provides goods and services c is uninterested in good
maria [59]

Answer:  b provides goods and services

Explanation: I m pretty positive this is the ans bye

3 0
3 years ago
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