How do we determine the Net Pension Expense?

Service Cost + Interest Cost + Actual return on Pension plan assets +/- Amortization of any deferred amounts.

Service Cost + Interest Cost + Expected return on Pension plan assets +/- Amortization of any deferred amounts.

Service Cost + Interest Cost - Actual return on Pension plan assets +/- Amortization of any deferred amounts.

Service Cost + Interest Cost - Expected return on Pension plan assets +/- Amortization of any deferred amounts.

None of these answers are correct.

wayne Corporation reported the following ending balances related to its defined benefit plan as of December 31, 2017:

Fair value of Plan assets 47,872

Projected Benefit Obligation 43,265

Pension Expense 4,843

What is waynes net pension status as of December 31, 2017?

$9,450 net pension asset

$4,607 net pension asset

$236 net pension liability

There is not enough information to determine the answer

Benefits paid to retired employees

Increase the Plan Assets and decrease the Projected Benefit Obligation.

Decrease the Plan Assets and increase the Projected Benefit Obligation

Increase the Plan Assets and increase the Projected Benefit Obligation

Decrease the Plan Assets and decrease the Projected Benefit Obligation

Corey Company used the straight-line method to depreciate its assets for Income Statement purposes, but MACRS (an accelerated method) to depreciate its assets for IRS purposes. As a result of this temporary difference in depreciation amounts

corey

will recognize a deferred tax asset on its current years Income Statement related to this difference.

corey will recognize a deferred tax liability on its current years Income Statement related to this difference.

corey will recognize a deferred tax asset on its current years Balance Sheet related to this difference.

corey

will recognize a deferred tax liability on its current years Balance Sheet related to this difference.

None of these answers are correct