(Computation of Actual Return) Gingrich Importers provides the following pension plan information. Fair value of pension plan...

Question:

(Computation of Actual Return) Gingrich Importers provides the following pension plan information.

Fair value of pension plan assets, January 1, 2010 $2,400,000

Fair value of pension plan assets, December 31, 2010 2,725,000

Contributions to the plan in 2010 280,000

Benefits paid retirees in 2010 350,000

From the data above, compute the actual return on the plan assets for 2010.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Intermediate Accounting

ISBN: 978-0470423684

13th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

See More Books

Question Posted: Dec 23, 2010 06:47 AM

See More Questions

Gingrich Importers provides the following pension plan information. Fair value of pension plan assets, January 1, 2019...................2,400,000 Fair value of pension plan assets, December 31,...
Gingrich Importers provides the following pension plan information. Fair value of pension plan assets, January 1, 2020................................$2,400,000 Fair value of pension plan assets,...
James Paul Importers provides the following pension plan information. Fair value of pension plan assets, January 1, 2010.......................................$2,300,000 Fair value of pension plan...
In Canada, Canadian teachers and bosses and HIGH AUTHORITY FIGURES are not FEARED but RESPECTED. In CANADA TEACHERS, bosses and AUTHORITY FIGURES encourage feedback, OPINIONS and ENGAGE in discuss....
Companies that produce toilet paper bleach the paper to make it white. Some paper plants discharge the bleach into rivers and lakes, causing substantial environmental damage. Suppose the following...
Refer to the financial statements of Canadian Tire Corporation given in Appendix A at the end of this book. 1. What method does the company use to determine the cost of its inventory? 2. Did the...
The two metal rods in Figure P27.22 are perpendicular to each other. Describe the magnetic force each rod exerts on the other, and then describe the torque caused by each force. Data from Figure...
Pharmaceutical firms, oil and gas companies, and other ventures inevitably incur costs on unsuccessful investments in new projects (e.g., new drugs or new wells). For oil and gas firms, a debate...
11. If dy + 2y tan x = sin x, 0
A Global private bank is aggressively looking to leverage technology to improve customer experience and reduce operational costs. Over the last few years, it has tied up with at least five startups...
(Application of Years-of-Service Method) Andrews Company has five employees participating in its defined-benefit pension plan. Expected years of future service for these employees at the beginning of...
(Basic Pension Worksheet) The following defined pension data of Rydell Corp. apply to the year 2010. For 2010, prepare a pension worksheet for Rydell Corp. that shows the journal entry for pension...
Devise or describe an experiment that uses standing waves to measure the velocity of a wave.
Tom Suzuki's tax liability for the year is $2,450. He had $2,050 of federal income taxes withheld from his paycheck during the year by his employer and has $2,000 in tax credits. What are Tom's taxes...
The US had an annual inflation rate of 11%, whereas Malaysia had an annual inflation rate of 9%. Currently, a Malaysian Ringgit can be exchanged for 3.2885 US dollars. Other things being equal, how...
you will conduct a Micro-research project. You will make two original posts on the discussion board and two responses to your classmates during the unit. your 1st post: you will propose a simple...
Question 3: Using Python as a calculator We have seen how Python can be used to evaluate mathematical expressions. This problem provides practice incc constants. Write python code to do the...
Number of bonds issued 500 Par value per bond $1,800 Stated interest rate 4% Market/Effective interest rate 6% Issue date 1/1/X2 Due date (five year bonds) 12/31/X6 Interest is paid semi annually on:...
For Gilles LaCroix, there is nothing quite as beautiful as a handcrafted wood-framed window. LaCroix's passion for windows goes back to his youth in St. Jean, Quebec, where he was taught how to make...
Would you use the adjacency matrix structure or the adjacency list structure in each of the following cases? Justify your choice. a. The graph has 10,000 vertices and 20,000 edges, and it is...
Estimate the efficiency of the distillation column in Example 21.4. The feed viscosity is 0.25 cP. Then calculate the number of actual trays in the column and the column height. Example 21.4 A...
Beyonc Corporation factors $175,000 of accounts receivable with Kathleen Battle Financing, Inc. on a with recourse basis. Kathleen Battle Financing will collect the receivables. The receivables...
JFK Corp. factors $300,000 of accounts receivable with LBJ Finance Corporation on a without recourse basis on July 1, 2014. The receivables records are transferred to LBJ Finance, which will receive...
Use the information for Jones Company as presented in E7-20. Jones is planning to factor some accounts receivable at the end of the year. Accounts totaling $25,000 will be transferred to Credit...
If you were running a campaign that had lower than expected impressions, what should you do?
1. Develop a definition for the Triple C model of project management. 2. List some of the factors that can impede the flow of information for project planning purposes. How can these factors be...
The Meat Mart has $900,000 in net income. The firm has 200,000 shares of stock outstanding. The market price per share is $76. What is the PE (price to earnings) ratio?

(Computation of Actual Return) Gingrich Importers provides the following pension plan information. Fair value of pension plan...

Question:

Step by Step Answer:

Computation of Actual Return on Plan Assets Fair value of plan ...View the full answer

Intermediate Accounting

Students also viewed these Accounting questions