In a recent years financial statements, Procter & Gamble showed an unfunded pension liability of $4,391 million
Question:
In a recent year’s financial statements, Procter & Gamble showed an unfunded pension liability of $4,391 million and a periodic pension cost of $208 million. Explain the meaning of the $4,391 million unfunded pension liability and the $208 million periodic pension cost.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (8 reviews)
The 4391 million unfunded pension liability is the approximate amount ...View the full answer
Answered By
Justina Bongato
Eaned my bachelors degree in psychology as an area awardee.
I worked in the banking industry for 6 years.
Currently taking up a masters degree in Guidance & Counseling.
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
Question Posted:
Students also viewed these Business questions
-
Great Lakes Inc. has an unfunded pension liability of $300 million that must be paid in 18 years. The financial analyst wants to discount this liability back to present for valuation purposes. The...
-
Imprudential, Inc., has an unfunded pension liability of $800 million that must be paid in 20 years. To assess the value of the firm's stock, financial analysts want to discount this liability back...
-
In a recent year Ives Township acquired six police cars at a total cost of $200,000. The vehicles are expected to have a useful life of four years. 1. Prepare the journal entries that the township...
-
Population increase in northern Virginia requires new road constructions and repairs annually from 2022. More public schools will also be needed by 2035. The state of Virginia is considering an...
-
Besanko, Inc. and Braeutigam, Ltd. compete in the high-grade carbon fiber market. Both firms sell identical grades of carbon fiber, a commodity product that will sell at a common market price. The...
-
Consider the simplified Anheuser-Busch supply chain shown in Figure 1.2. Is Alcoa really the rst entity in the supply chain? What other suppliers would Anheuser Busch have? What information should be...
-
ZeeZee's Construction Company has the opportunity to select one of four projects (A, B, C, or D) or choose the null (do-nothing) alternative. Each project requires a single initial investment and has...
-
Lynn Rogers (who just turned 30) currently earns $60,000 per year. At the end of each calendar year, she plans to invest 10% of her annual income in a tax-deferred retirement account. Lynn expects...
-
What are the meanings of the following 1.Data definition language 2.Data manipulation language 3.Data integrity language 4.Data control language
-
BOOTS, Inc., recently completed work on a 1 year, $10 million contract for technical support services awarded by the US Army. The contract included a small business subcontracting plan, and it also...
-
Logan Manufacturing Co. warrants its products for one year. The estimated product warranty is 2.5% of sales. Assume that sales were $398,000 for January. In February, a customer received warranty...
-
A business provides its employees with varying amounts of vacation per year, depending on the length of employment. The estimated amount of the current years vacation pay is $138,000. a. Journalize...
-
Assuming a level area of granite rock was the parent material in both cases, describe in general terms how you would expect two soil profiles to differ, one in a warm, semiarid grassland and the...
-
QUESTION 1 for the shape below when the object is going up, the friction force direction is P a) 35 b) c) d) diagram a diagram b diagram c diagram d 500 N
-
Naturally occurring silicon consists of three isotopes with the following isotopic masses and abundances. Abundance (%) 92.2297 4.6832 3.0872 Isotope 28 Si Isotopic mass (u) 27.9769265327 28.97649472...
-
Determine the maximum bending stress in the shaft shown. All dimensions are in inches. Express your answer in units of ksi. X1 = 1.9 inches; X2= 1.1 inches; D1 = 0.810 inches; D2 = 0.580 inches P1 =...
-
At a certain temperature the vapor pressure of pure heptane (CH16) is measured to be 451. torr. Suppose a solution is prepared by mixing 73.4 g of heptane and 133. g of acetyl bromide (CHCOBr)....
-
Three metals, and their densities, are given below. If each were added to the same volume of water (density = 1.00 cm), which block(s) would sink? metal 1 d= 1.34 g/mL, metal 2 d= 0.69 g/mL, metal 3...
-
Let A be an m n matrix. (a) Explain why the matrix multiplications ATA and AAT are possible. (b) Show that ATA and AAT are both symmetric.
-
Write each fraction as a percent. 7 50
-
How should discount on bonds payable be reported on the financial statements premium on bonds payable?
-
How should discount on bonds payable be reported on the financial statements premium on bonds payable?
-
How should discount on bonds payable be reported on the financial statements premium on bonds payable?
-
Can you elaborate on the concept of phenotypic integration, referring to the coordinated variation and functional relationships among multiple traits within an organism, and how does phenotypic...
-
use long division to divide. 11. (2x+10x+12) + (x+3) 12. (5x-17x-12)+(x-4) 13. (4x-7x-11x+5)+(4x + 5) 14. (6r 16r + 17x-6)+(3x-2) 15. (+5x+6x2-x-2)+(x+2) 16. (x+4x-3x-12)+(x-3)
-
The table below specifies the rate you will pay. Of course if you lose money in a year, you would not owe any taxes. Using the VLookup function in excel, provide an equation that takes the revenue...
Study smarter with the SolutionInn App