1

Exercise 20-22 Riverbed Co. provides the following information about its postretirement benefit plan for the year...

Question

Exercise 20-22 Riverbed Co. provides the following information about its postretirement benefit plan for the year...

Exercise 20-22

Riverbed Co. provides the following information about its postretirement benefit plan for the year 2017.

Service cost $86,700
Prior service cost amortization 2,900
Contribution to the plan 53,100
Actual and expected return on plan assets 57,400
Benefits paid 39,800
Plan assets at January 1, 2017 707,800
Accumulated postretirement benefit obligation at January 1, 2017 771,000
Accumulated OCI (PSC) at January 1, 2017 101,000 Dr.
Discount rate 8 %


Compute the postretirement benefit expense for 2017.

Postretirement benefit expense $

Answers

Answer
Service cost $   86,700
Interest on liability $   61,680 771000*8%
Actual and expected return on Plan assets -$   57,400
Total post retirement Benefit expense $   90,980
Please like .


Similar Solved Questions

1 answers
Find the limit f(x) = 2x2 -3, if x-2 13-x, ifx < -2 then, determine if...
find the limit f(x) = 2x2 -3, if x-2 13-x, ifx < -2 then, determine if the function is continuous at x=-2...
1 answers
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor...
Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: 9 Standard Quantity or Standard Price Hours or Rate 7.30 pounds $2.50 per pound 0.30 hours $6.00 per hour OS $5 Direct materials Direct labor Dur...
1 answers
Williams Co. has a working capital of $2,000,000, which of the following will cause its working...
Williams Co. has a working capital of $2,000,000, which of the following will cause its working capital to decrease? (Choose answer below) Group of answer choices Purchased $150,000 of inventory on credit Recorded interest payable in the amount of $150,000 Borrowed $150,000 from a bank to be repaid ...
1 answers
Current Grade: 21.5/50.0 Remaining Time: 57:57:05 u need help with this problem or this material? ember...
Current Grade: 21.5/50.0 Remaining Time: 57:57:05 u need help with this problem or this material? ember to use the Academic Support resources able on your homepage in Brightspace or the learning modules A basic cellular package costs $20/month for 60 minutes of calling with an additional charge of $...
1 answers
Hello, I have several such problems and I need to know how to do them. I...
Hello, I have several such problems and I need to know how to do them. I have vectors formatted as Z=10+j10. I need to get there polar form. I believe the j is imaginary or something like that. The polar form should look like (this is not the answer to the above problem) . Please solve the problem ...
1 answers
1. () -2 -B on the S points) Find the absolute maximum and minimum points of...
1. () -2 -B on the S points) Find the absolute maximum and minimum points of the function interval 10,3 2. 110 points Mean Value Theorem:Consider the function () on the interval 0,21 a) What is the slope of the line the endpoint (0,0) and (228) b) Find the point that satisfies the MVT for this inter...
1 answers
Two point charges experience an attractive force of 8 N when they are separated by 1...
Two point charges experience an attractive force of 8 N when they are separated by 1 m. What is the magnitude of the force they experience when their separation is 0.5 m?...
1 answers
Use the comparison test for the following question
Let \(0<p<q .\)Prove that if \(\sum\left|a_{k}\right|^{p}\) converges, then so does \(\sum\left|a_{k}\right|^{q} .\) Is the result still valid if the series are assumed to be conditionally convergent?...
1 answers
D13 12 2.859 In social welfare it is always the goal to maximize consumer surplus True...
D13 12 2.859 In social welfare it is always the goal to maximize consumer surplus True 1913...
1 answers
The current market price for ABC is $77 per share. Initial margin is 50%, maintenance margin...
The current market price for ABC is $77 per share. Initial margin is 50%, maintenance margin is 35% and there is no margin interest. ABC pays annual cash dividends of $3.95 per share. You believe the stock price will decrease over the next year and wish to sell short using margin. Suppose you are co...
1 answers
Stanley and Jones Lawn Service Company (S&J) maintains its books on a cash basis. However, the...
Stanley and Jones Lawn Service Company (S&J) maintains its books on a cash basis. However, the company recently borrowed $210,000 from a local bank, and the bank requires S&J to provide annual financial statements prepared on an accrual basis. During 2021, the following cash flows were recor...
1 answers
Green Ltd plans to open a new factory to produce smartphones. Forecast net revenue from the...
Green Ltd plans to open a new factory to produce smartphones. Forecast net revenue from the new factory is $75,000 per year for ten years. The smartphones will require a new factory that will cost $270,000. You can depreciate the full cost down to zero over the ten year life of the smartphone projec...
1 answers
When a chemical plant needs steam at multiple pressure levels, it is often economical to generate...
When a chemical plant needs steam at multiple pressure levels, it is often economical to generate all the steam at a high pressurę and then to let the steam down through pressure reducing turbines to the desired pressure. This principle is illustrated in Figure 8.6. The downside of this approac...
1 answers
You are provided with the following information for Wildhorse Co., effective as of its April 30,...
You are provided with the following information for Wildhorse Co., effective as of its April 30, 2017, year-end. Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Income tax expense Income taxes payab...
1 answers
Question 27 4 pts Find the partial derivative. Let z = f(x,y) = 9x2 - 11xy...
Question 27 4 pts Find the partial derivative. Let z = f(x,y) = 9x2 - 11xy + 4yº. Find -11x + 12y -11x - 12y 18x - 1ly 18x +11y2...
1 answers
Question 3 If (i) ,⅔and z, are four solutions for the equation (2-1) =-4 findz, (a)...
Question 3 If (i) ,⅔and z, are four solutions for the equation (2-1) =-4 findz, (a) 1 23 , ,23and z4 1' "23...

-- 0.050807--