Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 5 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 21 Aug 2017 My Price 5.00

Deines Corp.

Deines Corp. sponsors a defined-benefit pension plan for its employees. On January 1, 2012, the following balances related to this plan. Plan assets (market-related value) $450,000 Projected benefit obligation 600,000 Pension asset/liability 150,000 Cr. Prior service cost 75,000 OCI – LOSS 65,000 As a result of the operation of the plan during 2012, the actuary provided the following additional data at December 31, 2012. Service cost for 2012 $ 75,000 Actual return on plan assets in 2012 45,000 Amortization of prior service cost 20,000 Contributions in 2012 115,000 Benefits paid retirees in 2012 70,000 Settlement rate 7% Expected return rate 8% Average remaining service life of active employees 10 years Instructions (a) Compute pension expense for Deines Corp. for the year 201 2 by preparing a pension worksheet. (30 points) (b) Prepare the journal entry for pension expense. (1 0 points)

Answers

Maurice Tutor
(5)
Status NEW Posted 21 Aug 2017 06:08 PM My Price 5.00

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