Accounting 18 quiz

January 8, 2022

1.
6500000
-7500000=
1000000
x10%
=100000
Less:1100000
What is the employee benefit expense?
P 1,300,000

2.
6,500,000
-1200000
-800000
-1000000
=3500000
X10%=350000
What is the total remeasurement gain?
P 350,000 gain

3.
7500000
-800000
-300000=7000000
8
What is the fair value of plan assets on Dec 31?
P 7,000,000

4.
6500000
350000
200000
500000=7550000
What is the projected benefit obligation on Dec 31?
P 7,750,000

5.
900000
900000
1000000
=2800000
(5000000x10%)500000
1800000
6.
900000
(500000)
400000
(500000)
=-100000 loss

7.
900000
(5200000x.10)=520000
(3100000x.10)=(310000)
=210000

8.
900000
310000
=590000

9.
500000
600000
(350000)
250000
300000
=1300000

10.
850000
350000
(200000)
=1000000

11.
(200000/.10) 2000000
500000
600000
(200000)
(1000000)
=1900000

12.
(350000/.10)3500000
1500000
200000
(1000000)
=4200000
13.
(600000/.10) 6000000
500000
600000
(200000)
(1000000)
=7900000

14.
2160000
120000
(135000)
(2160000*.08) 172800
=2317800

15.
(2160000*.08) 172800