Using the data provided in BE19-23, determine the ending balance of the plan assets and indicate the
Question:
In BE19-23
Silva Blanca Fashions, Inc. sponsors a defined-benefit pension plan for its employees. The company’s pension trust provided the following information: Fair value of beginning plan assets, $ 569,000; projected benefit obligation at the beginning of the year, $ 678,000; service cost, $ 54,000; interest on PVDBO, $ 56,900; actual loss on plan assets, $ 35,800; actuarial gains due to changes in assumptions about PVDBO, $ 98,543; benefit payments made to retirees, $ 29,780; and contributions made by the sponsor corporation, $ 86,500. Compute the ending balance of the PVDBO under IFRS.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 40% (10 reviews)
Based on the information we determine the discount ra...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
Question Posted:
Students also viewed these Accounting questions
-
Using the data provided in BE19-21, determine the ending balance of the plan assets and indicate the funded status of the plan at the end of the year under U.S. GAAP. In BE19-21 Armando Hernandez...
-
Using the data provided in Cases 52 and 53, compare the operating performances of Nordstrom and Target.
-
Using the data provided in E6- 30A, the laboratory manager performed a regression analysis to predict total laboratory overhead costs. The output generated by Excel is as follows: Requirements 1....
-
I really would like to know the steps idk how to start this buttrying to look for the gross pays has been frustrating, pleasehelp! Each of the following workers is piece-rate workers at Golden Boats...
-
Suppose that top executives of XYZ are told they will receive at-the-money call options on 10,000 shares each year for the next 3 years. When granted, the options have 5 years to maturity. XYZ's...
-
For a spherical charge distribution (a) Find E and V for r > a (b) Find E and V for r (c) Find the total charge (d) Show that E is maximum when r =0.145a. Spola? - r). 1o. P. = (0. r> a
-
Some analysts make a distinction between art and craft (the application of aesthetic principles to the production of utilitarian objects). Discuss and debate whether or not this is a useful...
-
On December 31, after adjustments, Gomez Companys ledger contains the following account balances: 101 Cash .................$47,200 Dr. 111 Accounts Receivable .......... 17,800 Dr. 121 Supplies...
-
b. Your client is considering investing in Bell Limited. The following financial information was provided to you to assist your client with her decision. Operating profit 10% Long Term Loan 2021 ($)...
-
1. If group members end up working around shirkers, do you think this information should be communicated to the instructor so that individuals contribution to the project is judged more fairly? If...
-
Silva Blanca Fashions, Inc. sponsors a defined-benefit pension plan for its employees. The companys pension trust provided the following information: Fair value of beginning plan assets, $ 569,000;...
-
B-Boy Jeans, Inc. awarded 2,000 options to acquire 2,000 shares of its common stock. The options have a fair value of $ 30 each and cannot be exercised until employees complete a three-year service...
-
Shawn purchased a box of 1000 screws for a decking project that cost him $60.00 (before tax). When the project was completed he returned a part box of 400 screws. How much was the refund (without...
-
Reflective Journal question: Describe and reflect on how you have demonstrated care, empathy and respect for children, educators and families?
-
1. Della and Paul have had similar educational backgrounds, share the same interests, and work in the same organization. Della systematically exhibits an assertive character that may be hostile and...
-
2. Scores on an endurance test for cardiac patients are normally distributed with mean of 185 and standard deviation of 30. a. What is the probability a patient will score above 192? (10 points) b....
-
Identify potential barriers to development by conducting a needs assessment for stress management program in the workplace, a barrier assessment, and the critical resources you will need based on...
-
One of the common foreign market entry strategies in international business is countertrade. Explain the concept of countertrade with relevant example(s) clearly showing how it differs from exporting.
-
Kiwi Oil is sold in 950-milliliter (ml) cans. The mean volume of oil placed in a can is 920 ml with a standard deviation of 12 ml. Assuming a normal distribution, what is the probability that the...
-
In Problems 1522, find the principal needed now to get each amount; that is, find the present value. To get $750 after 2 years at 2.5% compounded quarterly.
-
Gross Profit Method Astaire Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the month of May. Inventory, May...
-
Gross Profit Method Astaire Company uses the gross profit method to estimate inventory for monthly reporting purposes. Presented below is information for the month of May. Inventory, May...
-
Gross Profit Method Zidek Corp. requires an estimate of the cost of goods lost by fire on March 9. Merchandise on hand on January 1 was $38,000. Purchases since January 1 were $92,000; freight-in,...
-
Critically evaluate the interplay between feedback skills, communication, listening, and assertiveness skills. How do these skills complement each other in the context of providing effective...
-
Chandler Packaged Treats (CPT) sells a specialty pet food to pet stores. CPT management prides itself on its scientific management methods. Applying those methods, the controller estimates the...
-
Several large shelters for the homeless in neighboring cities have closed down due to funding problems. With the warm summer weather, there has been a sharp increase in the transient population. Your...
Study smarter with the SolutionInn App