#9 Kaley Company has had a defined benefit pension plan for several vears. At the end of 2020, Kaley s actuary proviecthe following information for 2020 regarding the pension plan: (1) service cost, $225,000; (2) expected returm on planassets, $15,000; (3) amortization of net loss, $4,000: (4) interest cost on projected benefit obligation, $18,500, ana (5amortization of prior service cost, $14,000. Kalev decides to fund an amount at the end of 2020 equal to its pensionexpense.Compute the amount of Kaley's pension expense for 2020 and prepare the related journal entry.#10 Dunbar Ltd. has cash flow from operations of $120,000, average current assets of $250,000, average currentliabilities of $150,000 and total liabilities of $400,000. What is their operating cash flow ratio? What is their operatingcash flow to total liabilities ratio?

Pension expenses: To give its workers a chance to retire is the meaning represented by pension…

#9 Kaley Company has had a defined benefit pension plan for several years. At the end of 2020, Kaley's actuary provided the following information for 2020 regarding the pension plan: (1) service cost, $225,000; (2) expected return on plan assets, $15,000; (3) amortization of net loss, $4,000; (4) interest cost on projected benefit obligation, $18,500; and (5) amortization of prior service cost, $14,000. Kaley decides to fund an amount at the end of 2020 equal to its pension expense. Compute the amount of Kaley's pension expense for 2020 and prepare the related journal entry. #10 Dunbar Ltd. has cash flow from operations of $120,000, average current assets of $250,000, average current liabilities of $150,000 and total liabilities of $400,000. What is their operating cash flow ratio? What is their operating cash flow to total liabilities ratio?

#9 Kaley Company has had a defined benefit pension plan for several years. At the end of 2020, Kaley's actuary provided the following information for 2020 regarding the pension plan: (1) service cost, $225,000; (2) expected return on plan assets, $15,000; (3) amortization of net loss, $4,000; (4) interest cost on projected benefit obligation, $18,500; and (5) amortization of prior service cost, $14,000. Kaley decides to fund an amount at the end of 2020 equal to its pension expense. Compute the amount of Kaley's pension expense for 2020 and prepare the related journal entry. #10 Dunbar Ltd. has cash flow from operations of $120,000, average current assets of $250,000, average current liabilities of $150,000 and total liabilities of $400,000. What is their operating cash flow ratio? What is their operating cash flow to total liabilities ratio?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter19: Accounting For Post Retirement Benefits

Section: Chapter Questions

Problem 1E

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