On January 1 . 2014, Reason Co estimated a projected benefit of $440,000 based on a settlement rate of 1 . percent. Pension benefits paid to retirees totaled $60,000 . Service costs for 2014 amounted to $148,000 . The fair value of the plan assets were $350,000 and $400,000 on December 31 . 2013 . and December 31 . 2014, respectively. The projected benefit obligation at December 31 . 2014, was
a. $528,000.
b. $580,800.
c. $630,800.
d. $640,800.
B
You might also like to view...
Under modern antitrust law analysis, a company with a market share between 70 and 90 percent has a monopoly
Indicate whether the statement is true or false
A manager who has engaged in self-dealing has violated the duty of loyalty to the corporation, unless the self-dealing was entirely fair to the corporation.
Answer the following statement true (T) or false (F)
Which of the following audit procedures is best for identifying unrecorded trade accounts payable?
A. Reviewing cash disbursements recorded subsequent to the balance sheet date to determine whether the related payable applies to the prior period. B. Investigating payables recorded just prior to and just subsequent to the balance sheet date to determine whether they are supported by receiving reports. C. Examining unusual relationships between monthly accounts payable balances and recorded cash payments. D. Reconciling vendors' statements to the file of receiving reports to identify items received just prior to the balance sheet date.
Micro Co. is worried about employee job satisfaction. They have started surveying employees at least annually to gauge satisfaction. Analyzing the results and making changes will limit
A. low productivity. B. low quality. C. involuntary turnover. D. dissatisfaction among low performers. E. voluntary turnover.