what give rises to the changes in PBO balance?
Q: 26. Per the Fraud Examiners Manual, which of the following is NOT true about pass-through shell…
A: Shell company scheme Through the shell company scheme the employee who was experience in the…
Q: Oriole Ltd. reported the following for the fiscal year 2021: ORIOLE LTD. Income Statement Year Ended…
A: Cash flow statement records the cash inflows and cash outflows of the company. Cash flow statement…
Q: Quiche & Tell, Inc., is considering outsourcing one of its many products răther than make this…
A: Calculation of relevant incremental cost per unit of making the product Relevant incremental cost…
Q: As expert, re-write the above description correcetly.
A: Inventory is the goods which the company is having and which the company has held in order to sell…
Q: 21. An engineer bought equipment for P500,000. HE spent an additional amount of P30,000 for…
A:
Q: How have the competitive, global, technological, andeconomic environments helped KlipTech to become…
A: The term "economic environment" refers to any external economic factors that influence consumer and…
Q: I. Keep or Drop Dexter Company makes three types of GPS devices: Basic GPS model, Runner's GPS and…
A: The question is related to Keep or drop a product line. In case of continue or drop a product line,…
Q: Why do we need internal, external and government auditor in a company?
A: An auditor is a person who is authorized to review and verify the correctness of financial documents…
Q: of 6% convertible bonds outs es of common stock. During per share on the preferred s ck. The net…
A: Diluted EPS is a calculation used to gauge the quality of a company's earnings per share (EPS) if…
Q: BE5-3 Prepare the journal entries to record the following transactions on Graff Com- any's books…
A: Inventory systems: Inventory systems are the accounting methods specified in the cost accounting for…
Q: Multiple-Product Break-Even and Target Profit Vandenberg, Inc., produces and sells two products: a…
A: Cost-volume-profit analysis shows the relationship between the cost and volume level to get a…
Q: Prepare the necessary journals for the given transactions 1. Cash paid to Sara BD 600 2. Sold…
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…
Q: danges in aC Iht baläñčes for Elder Company for 2021 are as follows: ES $ 480,000 debit mon stock…
A: Change in Retained earnings = Changes in Assets - changes in common stock - Change in Liabilities -…
Q: Company provided the following information on January 1, 2019: Vehicle cost 5,000,000 Useful life in…
A: Depreciation represents the reduction in the value of an asset over a useful life of the asset. It…
Q: Which of the following is a false statement about scrap and by-products? Select one: a. Both scrap…
A: Scrap is the incidental residue from material used in production activities that can be recovered…
Q: Davis has decided to retire from the partnership of Davis, Eiser, and Foreman. The partnership will…
A: The retirement of partner is a condition of partnership where one partner leaves the partnership for…
Q: Scenario: The 2021 comparative balance sheet and income statement of Auga Company Ltd, have…
A: Statement of Cash Flows - Statement of Cash Flows show the movement of cash in the financial year.…
Q: In testing for unrecorded retirements of equipment, an auditor might not. a. Select items of…
A: Unrecorded assets are completely depreciated assets, but they still occupy our business. You do not…
Q: Branch No. 1 should a. not be dropped due to foregone over-all income of P 350,000. b. be dropped…
A: In this case all the fixed costs are avoidable by closing down the branch except a salary cost of…
Q: D (debtor) owes MP (managing partner) ₱100K. D also owes P (partnership) the sum of ₱100K. Both…
A: The amount will applied proportionately towards both the credits.
Q: negative figure.
A: Cash flow is the inflow and outflow of cash and helps in determining the net cash balance with the…
Q: Exercise 12-11 (Algo) Estimating costs based on behavior patterns LO 3 Larry estimates that the…
A: Depreciation is a term used in accounting to describe a method of distributing the cost of a…
Q: On December 31, 2021, PACMAN Co. has accounts payable of ₱ 5,000,000 before after adjustment for the…
A: Adjusted Accounts Payable: You must make an adjusting item in your general journal at the conclusion…
Q: Which technique would you prefer out of NPV and IRR if the projects were independent projects and…
A: Net Present Value: It is the difference between the present values of cash inflows and cash…
Q: The following headline recently appeared in the news: Overnight the prices of many commodities such…
A: Accounting standards increase the openness of financial reporting in all countries. Generally…
Q: EXAMINE THE IMPOTANCE OF WORKING CAPITAL TO A BUSINESS OR COMPANY (Application of FASB…
A: importance of working capital are a follows
Q: discuss FASB standard in working capital
A: The Financial Accounting Standards Board (FASB) is a private standard-setting body whose primary…
Q: Davy Johnson is CFO for a newly formed manufacturing company. Below is the anticipated monthly…
A: Budgeting - Budgeting is the process of estimating future operations based on past performance. %…
Q: At the conclusion of each year, each participant made a deposit of 1500.35 into a sinking fund. What…
A: This is used in the case of a future annuity – suppose an equal sum of money is invested in the bank…
Q: When the estimate of an asset's useful life is changed, select the false statement a. depreciation…
A: Depreciation refer to fall in the value of asset every year. It is an accounting word that refers to…
Q: p. A company is offering a 8.4% bond with a current price of $765.40, the yield to maturity equals…
A: As per the honor code, We’ll answer the first question since the exact one wasn’t specified. Please…
Q: A worker is paid $10,000 per month and a dearness allowance of $2,000 p.m. Worker Contribution to…
A: Basic salary includes wages and dearness allowance. Contribution to provident fund is calculated on…
Q: Answer TRUE or False to the following statements/questions: A) Does the statement of cash flows…
A: The question is related to the Cash Flow Statement. Cash Flow Statement is summary of cash receipts…
Q: what give rises to the changes in the balance of planned assets? A- cash contributions B- cash paid…
A: Plan assets are long term investment fund held for employee benefits. And only purpose of paying…
Q: Walton Bike Company makes the frames used to build its bicycles. During year 2, Walton made 21,000…
A: Avoidable Cost: An avoidable cost is the expense won't be caused in the event that a specific…
Q: Which of the following items is classified as PPE? Land being sold in the ordinary course of…
A: Noncurrent assets like PP&E have a useful life of more than one year, but usually, they last for…
Q: Finch is a retail company specializing in men's hats. Its budget director prepared the list of…
A: Given: Accounts balances July August September Salary Expense $18,400 $18,400 $18,400 Sales…
Q: On January 1st, XYZ Co. prepays $1,500 for one year of prepaid insurance. What is the amount of…
A: Formula: Monthly insurance expense = Prepaid insurance amount / 12Months
Q: Amazon purchased a piece of land for $5 million and plans to build a $25 million distribution…
A: The term depreciation refers to the method of calculation used to allocate the cost of a tangible or…
Q: Question 11: The taxable earnings threshold over which FUTA tax is not levied is: Answer: A. S7,000…
A: the taxable earnings threshold over which FUTA tax is not levied is $7,000.
Q: Statement 1: The cost of an asset, or other amount substituted for cost, less its residual value is…
A: An asset can only be depreciated up to the level of residual value. When it reaches the residual…
Q: At the beginning of Year 1, Copeland Drugstore purchased a new computer system for $170,000. It is…
A: Under straight line depreciation method, the annual depreciation expense is calculated as the…
Q: ABC Ltd manufactures phone handsets and provides telecommunication services to customers either…
A: The owner’s equity represents the amount left to the owners after the deduction of the liabilities…
Q: Social networks are commonly used A) to send confidential company information. B) for personal…
A: The use of social media has in immense importance in terms of connectivity and networking that it…
Q: The 2021 comparative balance sheet and income statement of Auga Company Ltd, have just been…
A: The question is related to Cash Flow Statement. Cash Flow Statement is summary of cash receipts and…
Q: Pls answer number 15 with solutions An entity is the defendant in a patent infringement lawsuit. The…
A: A Provision should be recognized in the books of accounts only when the amount and the liability are…
Q: Perform a Dupont Analysis for Dunder Mifflin, Inc. for 2015 and 2016 Hint: Use the Product(...)…
A: Ratio Analysis It is important for the business entity to calculate the required percentage of ratio…
Q: at is the main difference between basic and completed accounting system? 2- What is the main…
A: What is the main difference between basic accounting system and complete accounting system What is…
Q: Lance Chips granted restricted stock units (RSUS) representing 40 million of its $1 par common…
A: Annual compensation expense pertaining to the restricted stock = Total compensation expense /…
Q: The 2021 comparative balance sheet and income statement of Auga Company Ltd, have just been…
A: Statement of Cash Flow - Statement of Cash flow represents the movement of Cash during the financial…
Step by step
Solved in 2 steps
- Question text The computation of pension expense includes all the following except Select one: 13 a. interest on plan assets b. all of these are included C. service cost component measured using current salary levels. d. interest on defined benefit obligation.Question 13 Pension expense is decreased by: A- Amortization of prior service cost. B- Amortization of net gain. C- Benefits paid to retired employees. D- Prior service cost. O A O B O DWhich component of Kensington’s periodic pension cost would be shown in OCI ratherthan P&L?A . Service costB . Net interest (income) expenseC . Remeasurements
- Question 11 of 20 View Policies Current Attempt in Progress The computation of pension expense includes all the following except O service cost component measured using current salary levels. O expected/actual return on plan assets. O interest on projected benefit obligation. O amortization of prior service cost.1. What is the actual return on pension plan assets? 2. What is the amount of actuarial gain or loss that will be taken to other comprehensive income? if gain positive amount, if loss negative amount Example: gain --> 1,000 loss --> (1,000)Give typing answer with explanation and conclusion QUESTION 10 To assist pensioners with more than one source of income, legislation was introduced to make provision for SARS to determine a more accurate PAYE deduction amount, using the latest data available to SARS. Which of the following statements is incorrect? a. This only applies to pensioners. b. Pensioners have to apply to SARS for the PAYE deduction rate applying to them. c. The legislation came into effect on 1 March 2021. d. All of the above. e. None of the above.
- Question 17 S1: Employee-sponsored retirement plans can be categorized into two: current service cost and projected benefit obligation. S2: Liabilities pertains to the settlements which resulted in an outflow of resources embodying economic benefits. S3: PAS 19, provides that only the unvested past service costs shall be recognized as expense immediately. one statement is true two of the statements are true all statements are false all statements are true36. Alternative methods exist for the measurement of the pension obligation (liability). Which measure requires the use of future salaries in its computation? Vested benefit obligation Projected benefit obligation Restructured benefit obligation Accumulated benefit obligationNet interest cost is a component of pension expense under IFRS. How is net interest cost calculated? Select one: O a. The increase in the DBO over the period, net of the increase in the plan assets over the period. O b. Interest expense on the DBO, net of actual interest income earned on plan assets. O c. Interest expense on the defined benefit obligation (DBO), net of expected interest income earned on plan assets. O d. The increase in the DBO over the period, net of the increase in the plan assets over the period.
- D. The choices are overestimate the pension assets return overestimated the pension liability underestimate the pension assets return underestimated the pension liabilityWhat is the amount of actuarial gain or loss that will be taken to other comprehensive income? if gain positive amount, if loss negative amount Example: gain --> 1,000 loss --> (1,000) What is the actual return on pension plan assets?**Pls new ans How is the Accumulated Benefit Obligation (ABO) different from the Projected Benefit Obligation (PBO)? What events may cause the balance of the PBO to change?
