Question: Please answer step by step both #1 & #2 1)) Presented below is information related to Mariey inc. pension data for 2011 Service cost Amortization
1)) Presented below is information related to Mariey inc. pension data for 2011 Service cost Amortization of unrecognized net loss Amortization of unrecognized prior service cost Actual return on plan assets 0,000 65,000 800,000 750,000 300,000 150,000 200,000 Projected benefit obligation at January 1,2011 Pian assets at January 1,2011 Contribution (funding) On January 1,2011, Mariey inc., through pian amendment grants prior service cost benefits of Benefits paid to retirees Settiement rate Expected rate of return 9% 7% REQUIRED 1) Calculate pension expense for 2011 2) Prepare the journal to recoro the pension expense 3) Determine the baiance of the PBO and PA as of 12/31/11 4) What amount should be reported on the balance as pension assetliablity at 12/31/11 2) On January 1, 2010, Warren Corporation had 500,000 shares of common stock outstanding. On March 1, the corporation issued 100,000 new shares to raise additional capital. On July 1, the corporation declared and issued a 3-for-1 stocik split. On October 1, the corporation purchased on the market 300,000 of its own outstanding shares and retired them. On November 1 5% stock dividend was ssued duh 18,000 shares of 7%, s 100 par value, cumulative, preferred stock were outstanding. . (convertible into 30,000 common shares). No dividends were deciared and paid for the year 2010 Net income for 2010 was $3.300,000. Tax rate was 35%. Convertible Bonds, 8%, $400,000 face amount, convertible into 40,000 common shares. . Required: 1) Determine Basic Earnings Per Share for 2010 2) Determine the Diuted Earnings Per Share for 2010 ck
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