All of the following are components of the defined benefit cost except unvested past service cost interest on the effect of the asset ceiling loss on settlement return on plan assets
Q: Which of the following are recognized in other comprehensive income? service cost
A: The other comprehensive income includes the revenues and expenses of the company. The assets and…
Q: Which of the following statements is true regarding capitalization of interest? O When excess…
A: The cost of borrowing to acquire or build a long-term asset is referred to as capitalized interest.…
Q: Decreases in the projected benefit obligation due to an increase in interest rate are called (enter…
A: A projected benefit obligation (PBO) is an actuarial measurement of what a company will need at the…
Q: true or false The net defined benefit liability/asset that is presented in the balance sheet is the…
A: True. Net defined benefit liability /asset is the difference between Present Value of Defined…
Q: f no estimates are changed and there is no net loss or gain or prior service cost, which of the…
A: Answer: Option A is the Correct Answer i.e. "Other Comprehensive Income"
Q: true or false Only vested past service costs are recognized when a defined benefit plan is amended.…
A: Defined benefit plan is a retirement benefit plan which is also known as pension scheme plan in…
Q: What is meant by a taxpayer's 'preservation age' and a 'condition of release', why are these…
A: Here discuss about some term related with the taxpayers which are important to get avail the…
Q: Clear All Fer Pa
A: Each of the following costs associated with long-lived assets as one of the following: Paved parking…
Q: assets are amortized a. using straight-line method applied to the shorter of an intangible asset's…
A: Intangible Assets - It is an assets which are not in physical in nature. for example patent,…
Q: f the Construction in Progress account is greater than the Contract Billings, the excess is treated…
A: Construction in progress means the contracts' work which still going on and is yet to be completed.
Q: igures calculate the individual depreciation an
A: We need to compute tax shield on depreciation and interest on excel.
Q: Prior (Past) service cost is included among OCI items in the statement of comprehensive income and…
A: Service cost is the primary component of the pension expense each year. It is represented as the…
Q: Net defined benefit asset results in Current service cost Interest expense Interest revenue
A: As per IAS 19 of IFRS mentions how the accounting should be done to employee benefit other than…
Q: Which statement is true concerning the recognition and measurement of a defined contribution plan?…
A: Defined contribution plans are those plans which are made for making contributions for the benefits…
Q: Explain how the § 179 immediate expensing deduction affects the computation of MACRS cost recovery
A: Tax or Taxes: Tax is an amount paid by the persons (individuals and business entities) to a…
Q: Explain the purpose of the tax credit for rehabilitation expenditures and describe the general…
A: Rehabilitation expenditure and Rehabilitation tax credit : For buildings which are in…
Q: Determine the meaning of the following terms. a. Contributory plan. b. Vested benefits. c.…
A: a. Contributory plan:A plan through which the employees or beneficiary contribute to the pension…
Q: Which of the following is NOT deductible from taxable income ? a) Original cost of an asset with a…
A: Tax Deductible refers to the expensed amount which provides incentive to taxpayer to reduce its…
Q: Plan forfeitures under a defined benefit plan may be allocated to rem manner or go towards reducing…
A: A defined benefit plan refers to the plan which is based around the employer who pays a defined sum…
Q: ,calculate the amount of amortization of the net loss or gain that should be included
A: Defined Benefit Pension plan can be defined as the payment plan granted by the employer to the…
Q: When disposing of an available-for-sale investment, where is the gain or loss on disposal reported…
A:
Q: Which of the following cases would result in an actuarial loss? Projected benefit obligation…
A: As per IFRS, Actuarial gains and losses are changes in the present value of the defined benefit…
Q: . Must be expensed in the period incurred unless it can be clearly demonstrated that the expenditure…
A: IASB stands for International Accounting Standards Board and helps in the preparation and issuance…
Q: The return on plan assets a.is the change in the fair value of the plan assets during the year. b.…
A: Introduction: A long-term employee benefit fund's plan assets are assets/investments kept for the…
Q: When accounting for self-constructed PPE and computing the amount of interest cost to be…
A: Self constructed PPE are those Property, Plant and Equipment which is constructed by the business on…
Q: How much is the additional loss, related to the return of the asset to its original classification…
A: Held for Sales How to account for non-current assets held for sale is described in IFRS 5…
Q: true or false A difference between expected results and actual experience results to a…
A: The question is related to Employee Benefits as specified in IAS 19.
Q: Which of the following is not a fixed cost?a. Direct materialsb. Depreciationc. Lease charged.…
A: Fixed cost is the cost which will be borne by the company irrespective of the units produced.
Q: difference between expected results and actual experience results to a remeasurement of the net…
A: The answer is stated below:
Q: Gains and losses arising from the retirement or disposal of an item of property, plant and equipment…
A: ACCORDING TO AS 10 PROPERTY , PLANT AND EQUIPMENT THE GAINS AND LOSSES ARISING FROM THE…
Q: The net pension liability (PBO minus plan assets) is increased by: A. Service cost. B. Expected…
A: The net pension liability (PBO minus plan assets) is increased by Service cost, because if service…
Q: The balance of the present value of defined benefit obligation is affected by all of the following…
A: solution concept The balance of the present value of defined benefit obligation is affected by the…
Q: Classify each of the following costs associated with long-lived assets as one of the following
A: Since you have posted multiple questions, we will solve the first question for you. To get the…
Q: What is the amount of the plan assets available to pay benefits? What are the factors that can cause…
A:
Q: Consider the following statements: I. If the financial asset is reclassified from amortized cost to…
A: IFRS 9 deals with the classification and reclassification of financial assets and liabilities. When…
Q: Based upon the provided information, how would I be able to calculate the Amortization of prior…
A: ANSWER 1.) Calculation of Amortization Amortization of Prior service cost = 2 million ( is already…
Q: The expected amount that an entity would currently obtain from disposal of the asset after deducting…
A: An asset can be define as the resource which can be use by an individual, group, company and country…
Q: Required: a. if arturito will accept the special order, what is the incrementak benefit(loss)?
A: Variable cost means the cost which vary with the level of output where as fixed cost remain fixed…
Q: Which of the following does not increase the Projected Benefit Obligation? Actuarial loss on…
A: Solution: Following would increase the projected benefit obligation: 1. Actuarial loss on benefit…
Q: 1. All of the following are components of the defined benefit cost except * unvested past service…
A: Solution Note Dear student as per the Q&A guideline we are required to answer the first question…
Q: __________ is defined in the Conceptual Framework as ‘a present obligation of the entity to transfer…
A: The accounting process includes the bookkeeping process which involves the journal entry of the…
Q: The amount due from or at the direction of the grantor is accounted for by the operator from the…
A: When the operator recieves a financial asset from the grantor, it is measured at fair value.
Q: How is the Accumulated Benefit Obligation (ABO) different from the Projected Benefit Obligation…
A: The value that is used for the compensations of the employees is the only difference between the…
All of the following are components of the defined benefit cost except
unvested past service cost
interest on the effect of the asset ceiling
loss on settlement
return on plan assets
Step by step
Solved in 3 steps
- 1. All of the following are components of the defined benefit cost except * unvested past service cost interest on the effect of the asset ceiling loss on settlement return on plan assets 2. Which of the following are recognized in other comprehensive income? service cost net interest in net defined benefit liability (asset) amortization of actuarial gains or losses difference between interest income on plan assets and return on plan assets 3. The balance of the present value of defined benefit obligation is affected by all of the following except * actuarial gains or losses interest cost current service cost contributions to the fund 4. If the present value of the defined benefit obligation exceeds the fair value of the plan assets, there is * deficit surplus expense prepaid accrued benefit costWhich of the following are recognized in other comprehensive income? service cost net interest in net defined benefit liability (asset) amortization of actuarial gains or losses difference between interest income on plan assets and return on plan assetsThe balance of the present value of defined benefit obligation is affected by all of the following except * actuarial gains or losses interest cost current service cost contributions to the fund
- The amount due from or at the direction of the grantor is accounted for by the operator from the contract that is in the form of Financial asset as:fair value through other comprehensive incomeamortized costany of thesefair value through profit or lossIf the present value of the defined benefit obligation exceeds the fair value of the plan assets, there is * deficit surplus expense prepaid accrued benefit costBased upon the provided information, how would I be able to calculate the Amortization of prior service costs and expected return on the plan assets? Additionally, would you be able to please help me understand what formula to use in these two calculations and why you use those. Thank you!
- A difference between expected results and actual experience results to a remeasurement of the net defined benefit liability (asset).true or false The net defined benefit liability/asset that is presented in the balance sheet is the difference between the FVTA and the PV of DBO, subject to the asset ceiling if appropriate.look over the three most important components of the pension expense. The treatment of expected and actual return on plan assets, particularly when the actual return is greater than the expected, the amortization of prior service cost and the unexpected gain/ loss. Discuss the accounting treatment of these items with suitable examples.
- Prior (Past) service cost is included among OCI items in the statement of comprehensive income and thus subsequently becomes part of AOCI where it is amortized over the average remaining service period using a. U.S. GAAP. b. IFRS. c. Both U.S. GAAP and IFRS. d. Neither U.S. GAAP nor IFRS.If the Construction in Progress account is greater than the Contract Billings, the excess is treated as * A. current liability B. current asset C. loss D.incometrue or false A difference between expected results and actual experience results to a remeasurement of the net defined benefit liability (asset).