Answer:
(A) should be based on fairness, honesty, openness, and moral integrity.
Answer:
$209
Explanation:
Calculation to determine the service cost component of pension expense for the year ended December 31
Projected benefit obligation, December 31 500
Add Benefit payments to retirees, December 31 $61
Less Interest cost ($32)
(10%$320)
Less Projected benefit obligation, January 1 ($320)
Service cost $209
($500+$61-$32-$320)
Therefore the service cost component of pension expense for the year ended December 31 will be $209
Answer:
$17,400
Explanation:
<em>Equation to be used is as follows: </em>Beginning Prepaid Insurance Expense balance + Cash paid for insurance premium - Ending prepaid insurance balance = Insurance expense
$3,000 + Cash paid - $2,200 = $18,200
$800 + Cash paid = $18,200
Cash paid = $18,200 - $800
Cash paid = $17,400
So, the cash paid for insurance premiums during 2014 was $17,400
Answer:
paid in capital from treasury stock = $10000
Explanation:
on 3rd jan
treasury stock = 2150*9 = 19,350
cash = 19,350
30 jan
cash = 1000*19 =19,000
treasury stock = 1000*9 = 9000
paid in capital from treasury stock = 19000- 9000 = $10000
