Kenseth Corp. has the following beginning-of-the-year present values for its projected benefit obligation and market-related values for
Question:
Kenseth Corp. has the following beginning-of-the-year present values for its projected benefit obligation and market-related values for its pension plan assets.
The average remaining service life per employee in 2011 and 2012 is 10 years and in 2013 and 2014 is 12 years. The net gain or loss that occurred during each year is as follows: 2011, $280,000 loss; 2012, $90,000 loss; 2013, $11,000 loss; and 2014, $25,000 gain. (In working the solution, the gains and losses must be aggregated to arrive at year-endbalances.)
Transcribed Image Text:
Projected Benefit Obligation Plan Assets Value $2,000,000 2,400,000 2,950,000 3,600,000 $1,900,000 2,500,000 2011 2012 2013 2,600,000 2014 3,000,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 47% (19 reviews)
Corridor and Minimum Loss Amortization Year Project...View the full answer
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
XTRA Inc. has beginning-of-the-year present values for its projected benefit obligation and market-related values for its pension plan assets. The average remaining service-life per employee in 2014...
-
Shin Corp. has beginning-of-the-year present values for its defined benefit obligation and fair values for its pension plan assets (amounts in thousands). The average remaining service life per...
-
Bunker Corp. has the following beginning-of-year present values for its accrued benefit obligation, and fair values for its pension plan assets: The average remaining service life per employee in...
-
Which of the following would be least important in the pursuit of a time-based strategy? A) flexible technology B) operational agility C) reduced complaint resolution times D) quick changeover times...
-
Why is estate planning an important component of financial planning?
-
What strategies can project managers implement to proactively identify and mitigate potential sources of conflict within globally distributed teams, considering factors such as cultural differences,...
-
Exercise 2.143 introduces a study examining the relationship between football playing and hippocampal volume, in \(\mu \mathrm{L}\), in the brain. We use the \(n=25\) participants in the control...
-
Downhill Ski Resort in Colorado has accumulated information from records of the past 30 winters regarding the measurable snowfall. This information is as follows: Snowfall (in.) ...... Frequency 019...
-
6 a. Show by induction on n that 12 +22 +32 +...+n = n(n+1)(2n+1) b. Let T(n) be defined recursively as follows: T(1) = c, and T(n) = 5T (#)+c vn5 C. where c is an arbitrary constant, and n = 5k for...
-
For each variable, decide if it is discrete or continuous: a. The number of cases of flu diagnosed at a college in a given semester b. The size, in grams, of a rats hypothalamus c. The number of...
-
Veldre Company provides the following information about its defined benefit pension plan for the year 2012. Service cost $ 90,000 Contribution to the plan .. 105,000 Prior service cost amortization...
-
Erickson Company sponsors a defined benefit pension plan. The corporation??s actuary provides the following information about the plan. Instructions(a) Compute the actual return on the plan assets in...
-
Estimate the intervals where the graph of f is concave upward and where the graph is concave downward. Use interval notation. y 32 3
-
According to a study, the probability that a randomly selected person has hearing problems is 0.149. The probability that a randomly selected person has vision problems is 0.085. Can we compute the...
-
You have just purchased a car and taken out a $52,000 loan. The loan has a five-year term with monthly payments and an APR of 5.7%. a. How much will you pay in interest, and how much will you pay in...
-
Experiment with a compression utility (e.g., compress, gzip, or pkzip). What compression ratios are you able to achieve? See if you can generate data files for which you can achieve 5:1 or 10:1...
-
What is the value of resistor \(R\) in Figure P23.22? Figure P23.22 1002 AV = 5.0 V 1532 R wwwwwww I= 100 mA
-
Use estimation to select the best response in Problems 5-10. Do not calculate. Of these three means of travel, the safest is A. car B. train C. plane
-
Which of the following statements, often made by prospects, would you interpret as buying signals? a. How much would the payments be? b. Tell me about your service department. c. Our company already...
-
Is it a breach of fiduciary duty for a director of a real estate investment trust (REIT) negotiating a joint venture on behalf of the REIT with another director for the development of a portfolio of...
-
Consider the HullWhite model where the short rate process follows where Z t is a Brownian process under the risk neutral measure Q. Using the relation show that Accordingly, the mean and variance of ...
-
Using your answer to Practice 21-2, compute how much cash was paid for inventory during the year. Use the following information for Practices 21-1 through 21-3. The company provides the following...
-
During the year, the company expensed $140,600 in other operating expenses. The beginning and ending balances in the prepaid expenses account were $14,100 and $12,500, respectively. Compute the...
-
If depreciation expense is $20,000 and the beginning and ending accumulated depreciation balances are $100,000 and $110,000, respectively, how much cash was paid for depreciation?
-
In February 2 0 1 6 , hackers targeted the central bank of Bangladesh and exploited vulnerabilities in SWIFT, the global financial system s main electronic payment messaging system, trying to steal...
-
In the Heckscher-Ohlin model, as trade occurs in a capital-abundant country, increased imports will force domestic import- competing firms to decrease prices and production. Labor and capital will...
-
Why has Gatorade been so successful in the sports drink market?
Study smarter with the SolutionInn App