Hawkins Corporation has the following balances at December 31, 2014. Projected benefit obligation $2,600,000 Plan assets at

Question:

Hawkins Corporation has the following balances at December 31, 2014.

Projected benefit obligation $2,600,000
Plan assets at fair value 2,000,000
Accumulated OCI (PSC) 1,100,000

How should these balances be reported on Hawkins’s balance sheet at December 31, 2014?

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

Step by Step Answer:

Related Book For answer-question

Intermediate Accounting

ISBN: 978-1118147290

15th edition

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

See More Books

Question Posted: Nov 12, 2022 09:38 AM

See More Questions

Hawkins Corporation has the following balances at December 31, 2020. Projected benefit obligation.........................$2,600,000 Plan assets at fair...
Hawkins Corporation has the following balances at December 31, 2012. Projected benefit obligation .... $2,600,000 Plan assets at fair value ....... 2,000,000 Accumulated OCI (PSC) ....... 1,100,000...
Judy ONeill Corporation has the following balances at December 31, 2008. Projected benefit obligation ....$2,800,000 Plan assets at fair value .......2,000,000 Accumulated OCI (PSC) .......1,100,000...
Papas Fried Chicken bought equipment on January 2, 2013, for $ 39,000. The equipment was expected to remain in service for four years and to perform 11,000 fry jobs. At the end of the equipments...
What is the major distinction between leadership and management?
Complete the following input/output report. What is the actual backlog at the end of period 5? Period Planned Input Actual Input Cumulative Variance 1 78 84 2 78 80 3 78 78 4 78 82 78 80 Total...
Defendant Kenneth Blake was married to Charlene Hinton-Blake, who died in 2012. Three of Hinton-Blakes sisters, including Yvonne Hinton, assisted her with day-to-day care during a four-year period of...
Mann Hardware has four employees who are paid on an hourly basis plus time-and-a-half for all hours worked in excess of 40 a week. Payroll data for the week ended March 15, 2014, are presented below....
Research articles on Online Analytic Processing (OLAP) and Online Transaction Processing (OLTP). Next, compare and contrast the key similarities and differences between Online Analytical Processing...
Suppose you've estimated that the fifth-percentile value at risk of a portfolio is -30%. Now you wish to estimate the portfolio's first-percentile VaR (the value below which lie 1% of the returns)....
Shin Corporation had a projected benefit obligation of $3,100,000 and plan assets of $3,300,000 at January 1, 2014. Shin also had a net actuarial loss of $465,000 in accumulated OCI at January 1,...
Norton Co. had the following amounts related to its pension plan in 2014. Actuarial liability loss for 2014 $28,000 Unexpected asset gain for 2014 18,000 Accumulated other comprehensive income (G/L)...
List high-tech and low-tech visual aids that you can use when speaking to an audience. Which two are the most popular?
An airline company is considering giving rates reduced by up to 50 per cent to members of the families of businesspeople at certain times of the week, in order to encourage businesspeople to take...
Jennifer did not file a tax return for 2006 because she honestly believed that no tax was due. In 2017, the IRS audits Jennifer and the agent proposes a deficiency of $500.
Harry and Silvia, a married couple, are both age 67 and legally blind. What is their standard deduction for 2017?
Michaels adjusted gross income for 2017 is $90,000. He is age 30 and single with no dependents. What is Michaels taxable income?
Check whether a given Binary Tree is a Perfect binary tree or not. The perfect binary tree- is a type of full binary trees in which each non-leaf node has exactly two child nodes.
Use Newton's method to find, within 103, the zeros and critical points of the following functions. Use this information to sketch the graph of f . a. f (x) = x3 9x2 + 12 b. f (x) = x4 2x3 5x2 +...
In Problem 8.43, determine the smallest value of for which the rod will not fall out of the pipe. IA -3 in.-
How does the international standard for classification of short-term obligations to be refinanced differ from U.S. GAAP?
What is a line of credit?
Why is it important to use present value concepts in properly valuing long-term liabilities?
An electric current in a conductor varies with time according to the expression I(t) = 106 sin (150xt), where I is in amperes and t is in seconds. What is the total charge passing a given point in...
2. (*) In the Mach-Zehnder interferometer shown below, two input waves denoted by electric fields E1 and E2 are combined in a 50:50 beam splitter, resulting in a wave EA travelling in the lower arm...
The quantity of charge q (in coulombs) that has passed through a surface of area 2.05 cm varies with time according to the equation q = 6t3 + 6t + 6, where t is in seconds. (a) What is the...

Hawkins Corporation has the following balances at December 31, 2014. Projected benefit obligation $2,600,000 Plan assets at

Question:

Step by Step Answer:

On Hawkinss balance sheet at December 31 2014 the balances should be reported as foll...View the full answer

Intermediate Accounting

Students also viewed these Business questions