Answer:
option (a) is correct answer '$ 7,000 overfunded'
Explanation:
Data:
Pension asset, January 1, Year 1 = $ 2,000
Service cost = $ 19,000
Interest cost = $ 38,000
Actual and expected return on plan assets = $ 22,000
Amortization of prior service cost arising in a prior period = $ 52,000
Employer contributions = $ 40,000
Total expenses = Service cost + Interest cost = $ 19,000 + $ 38,000
= $ 57000
Now,
projected benefit obligation (PBO) = (Pension asset + Actual and expected return ) - Total expenses
or
projected benefit obligation (PBO)
= $ 2,000 + $ 22,000 + $ 40,000 - $ 57000
or
overfunded projected benefit obligation (PBO) = $ 7,000
hence,
option (a) is correct answer '$ 7,000 overfunded'
To find Murphy's net income for 2018, we can use the accounting equation and the statement of retained earnings. Since there were no stock transactions, the change in stockholders' equity is due to net income and dividends. By plugging in the given dividend amount of $90,000, we can calculate that Murphy's net income for 2018 was $180,000.
To find Murphy's net income for 2018, we can use the accounting equation and the statement of retained earnings.
The accounting equation is: Assets = Liabilities + Stockholders' Equity.
Since there were no stock transactions in 2018, the change in stockholders' equity is due to net income and dividends. The formula for the change in stockholders' equity is: Change in Equity = Net Income - Dividends.
We know that dividends were $90,000, so we can plug that into the formula and solve for net income: $90,000 = Net Income - $90,000. Solving for Net Income, we find that Murphy's net income for 2018 was $180,000.
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$8,200
$6,200
$4,240
$4,420
None of these
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The money grows in that 5 years through intrest and or asset growth. In order to grow the money can't be spent.
The right answer for the question that is being asked and shown above is that: "can invent new products
The correct answer would be :
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Stop-loss insurance plan (also known as excess insurance) is a product that provides protection against catastrophic or unpredictable losses.
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