Entries by Grace Wahito

Just like the balance sheet distinguishes current assets from non-current ones

February 11, 2020 in /by

Just like the balance sheet distinguishes current assets from non-current ones, it also reports current and non-current liabilities?  What is the difference between these two categories? . Why do we distinguish current items from non-current ones?   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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On January 1 of the current reporting year, Coda Company’s projected benefit obligation was $30.1 million. During

February 11, 2020 in /by

On January 1 of the current reporting year, Coda Company’s projected benefit obligation was $30.1 million. During the year, pension benefits paid by the trustee were $4.1 million. Service cost was $10.1 million. Pension plan assets earned $5.1 million as expected. At the end of the year, there was no net gain or loss and […]

 

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Pension data for Goldman Company included the following for the current calendar year:

February 11, 2020 in /by

Pension data for Goldman Company included the following for the current calendar year:          Service cost $ 104,000   PBO, January 1   770,000   Plan assets, January 1   820,000   Amortization of prior service cost   6,200   Amortization of net loss   2,200   Discount rate, 6%     […]

 

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Item 1 On January 1, 2018, Tom’s Transport Company’s accumulated postretirement benefit obligation was $37,000,000

February 11, 2020 in /by

Item 1 On January 1, 2018, Tom’s Transport Company’s accumulated postretirement benefit obligation was $37,000,000. At the end of 2018, retiree benefits paid were $4,200,000. Service cost for 2018 is $6,700,000. At the end of 2018, there was no prior service cost or net gain or loss. Assumptions regarding the trend of future health care […]

 

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