20 of 203 completely HW Score: 15%. 3 of 20 Question HD E19-13 (similar to) Howard Group provided the following information related to its defined benefit plan for the current year (Click the loon to view the information) Read the Requirement Compute the total pension cost for the year Select the labels and enter the amounts for all that are included in the pension cost for the yer Abbreviation used: PO - Projected Beet Dog Round all aboutons to the net whole che paraming for that reduce pension cost a box is not used in the table leave the box omply do not selecta labelor Components of Pension Costi Amount Data Table Current Year Soves Bohe $ 48.000 Prior Your 306.000 72.000 60.200 7 Total Pension Cost Requirements Description Beginning plantaire et the markedet Beginning med benetton Services Semente Expected remon Actualment Contributions for the Benas pag they Arion of provides teginninghalang of our comprime Urmo vicecom amortid Averaging op The minduded in the beginning of the P50 23.00 108.000 2.000 0.000 20,000 6.000 000 24.000 Gove 30 Determine the ending balances of the plants and the projected obation and indicate the funds of the plan Reconcending in other comprehensive coma und ridicate amounts tributable to unmortured prior wervice cost and unamorena d. Prepare the journal entry to record the current year's person coul. 24 10 ya 10 se 30 . % 15 & 7 8 0 6 9 3: 2 Save Score: 0 of 1 pt 19 of 20 (3 complete) HW Score: 15%, 3 of 20 pts E19-12 (similar to) Question Help Brook Technologies, Inc. started a defined benefit plan this year. As part of the union agreement, it provided $420,000 in retroactive benefits to all employees for their prior years' service. The company amortized $17,200 of these benefits during the current year. At the end of the year, the actuary provided you with the following information related to the plan: Click the icon to view the information.) Requirements Read the requirements: Requirement a. Compute the total pension cost for the year. a. Compute the total pension cost for the year. b. Determine the ending balances of the plan assets and the projected benefit Select the labels and enter the amounts for all items that are included in the per obligation and indicate the funded status of the plan or a minus sign for items that reduce pension cost. If a box is not used in the talk c. Prepare the journal entry to record the current year's pension cost. Components of Pension Cost: Amount d. Reconcile the ending balance in accumulated other comprehensive income. Print Done * More Info Total Pension Cost Service cost for the year. $911,860 Contributions for the year, $364 100 Expected return on plan assets, 9% Settlement rate, 9% No retirement benefits were paid during the year. Choose from any list or enter any number in the input fields and then click Check Answe 5 parts remaining Clear All Print Done -A *** 18 of 203 comple HW Score: 159 Score: 0 of 1 pt E19-11 (similar to) Botanical Tea Company provided the following information related to its defined benefit person plan Click the loon to view the information) Rand the Que Defined benedit pension plant information Requirement a Compute the total pension cost for the year Select the labels and enter the amounts for all items that are included in the person cost for the year. (Abbrev won for the reduce pension costa boklansed in the tableave the box amply do not selle Components of Pension Cost: Amount 3 942.500 1.005,340 38.500 10% 18% Beginning plants a fair value equal to markolated Beginning projected benefit obligation (PO) Service cost for the year Settimanale Expected return on plans Actrum on planets Contributions for the you Bertant for the year Beginning and other comprehensive Income related to prior servo bitbalaca Amortization of process Increase in tending projected benet og to charge motion actuarios Average remaining ASLI of employee 121,180 070 40.000 2840 54,800 Total Pension Cost Requirement TES 10 There is no med ADC to some of the beginner Choose from Com the total pension cost for the year b. Dutermine the ending balance of the plants and resojected benefit obligation and indicate the understatus of the plan e Deneng bange for some romane income 4. Prepare the journal entry to record the current year's pension cost Reconditions in acumuwd other comprehensive incom Done parts 5 200 & BE19-23 (similar to) Question Help Shore Hernandez Fashions, Inc. sponsors a defined benefit pension plan for its employees. The company's pension trust provided the following information: fair value of beginning plan assets, $576,000: projected benefit obligation at the beginning of the year, $674,000; service cost, $59,000; interest on beginning PBO, $56,300; actual loss on plan assets, $35,200; composed of expected gains of $55,500 and unexpected losses of $85,100; actuarial gains because of in assumptions about PBO $98,639; benefit payments made to retirees, $29,788; and contributions made by the sponsor corporation, $86,700. There is no amortization necessary under the corridor approach. The ending balance of the PBO was previously calculated as S660,973. Determine the ending balance of the plan assets and indicate the funded status of the plan at the end of the year.(Abbreviations used: PBO = Projected Benefit Obligation. If a box is not used in the statement, leave the box empty, do not select a label or enter a zero. Use a minus sign or parentheses if the fund status is underfunded.) Plan Assets Amount Plan Assets-Ending Balance Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All Check Answer 29 Score: 0 of 1 pt 16 of 20 (3 complete) HW Score: 15%, 3 of 20 pts BE19-22 (similar to) Question Help Edison Hernandez Fashions, Inc. sponsors a defined benefit pension plan for its employees. The company's pension trust provided the following information: fair value of beginning plan assets, $572,000; projected benefit obligation at the beginning of the year. $679,000; service cost, 552,000; interest on beginning PBO, S56,500; actual loss on plan assets, $35,200 composed of expected gains of $57,000 and unexpected losses of $85,500; actuarial gains because of in assumptions about PBO, 598,546; benefit payments made to retirees, $29,785; and contributions made by the sponsor corporation, $86,100. There is no amortization necessary under the corridor approach. Compute the ending balance of the projected benefit obligation.(Abbreviations used: PBO - Projected Benefit Obligation. If a box is not used in the statement, leave the box empty, do not select a label or enter a zero.) PBO Amount Ending Balance of PBO 2 Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All Check Answer GA 29 Score: 0 of 1 pt 15 of 20 (3 complete) core: 1970, BE19-18 (similar to) Question Help Dorso West Shoes, Inc., provided the following information regarding its defined benefit pension plan: service cost, $250,000; Interest on the beginning PBO, $120,000; expected return on plan assets, $45,000; amortization of prior service costs related to unvested employees, $32,000; and amortization of net actuarial gain, $75,000. Based on this information, compute the total pension cost for the year. Select the labels and enter the amounts for all items that are included in the pension cost for the year. (Abbreviation used: PBO - Projected Benefit Obligation Use parentheses or a minus sign for items that reduce pension cost. If a box is not used in the table loave the box empty, do not select a label or enter a zero.) Components of Pension Cost: Amount Ad Total Pension Cost Choose from any list or enter any number in the input fields and then click Check Answer All parts showing Clear All Check Answer 29 ON A Score: 0 of 1 pt 14 of 20 (3 complete) HW Score: 15%, 3 of 20 pts BE19-17 (similar to) Question Help Jeremy Equipment offers its unionized employees a defined benefit plan. The company determines that the beginning balance of its unamortized net actuarial gain is equal to $134,000. A recent report from the pension plan indicates that the beginning balances of the projected benefit obligation and the plan assets at fair value (the same as the market-related asset value) are equal to $1,156,000 and $1,271,000, respectively. Read the requirements Requirement a. Compute the current year's amortization required by the corridor method assuming the average remaining service life of Jeremy's employees is 10 years, Corridor Test: The corridor is % of the larger of the beginning PBO or beginning plan assets at market-related asset value Requirements a. Compute the current year's amortization required by the corridor method assuming the average remaining service life of Jeremy's employees is 10 b. Prepare the journal entry. years. Print Done Enter any number in the edit fields and then click Check Answer. Clear All Check Answer parts 2 remaining 29 Save Score: 0 of 1 pt 13 of 20 (3 complete) HW Score: 15%, 3 of 20 pts BE19-13 (similar to) Question Help Ashwood Company offers all its employees the opportunity to purchase its $7 par value common stock at a 2% discount. The employees have 3 weeks to elect to participate in the plan. The current market price of the stock is $89 per share. Employees purchased a total of 208,000 shares. What joumal entry will the company make on the date the employees purchase the shares? (Record debits first, then credits. Exclude explanations from any journal entries.) Date of Employee Purchase Account Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All Check Answer BE19-12 (similar to) Question Help Rundell Company issued 107,000 shares of $2 par value, restricted stock to its top five key employees on January 1, 2017. The market value of Rundell's shares is $43 per share on the date of issue. The restricted shares require a vesting period of 2 years. Prepare the journal entries for the first year. Prepare the journal entry on the date of the grant of the restricted shares. This is to record amortization for the first year that will be amortized over the two-year vesting period (Record debits first, then credits. Exclude explanations from any journal entries.) Account January 1, 2017 Choose from any list or enter any number in the input fields and then click Check Answer. part Check Answer 1 Clear All remaining 0 29 4 Save Homework: Chapter 19 - Employee Compensation Score: 0 of 1 pt 11 of 20 (3 complete) HW Score: 15%, 3 of 20 pts BE19-11 (similar to) Question Help Bunker Incorporation started a share appreciation plan on January 1, 2017, when it granted 107,000 rights to its executives. The vesting period is 2 years. The stock appreciation rights are settled for cash. The plan expires on January 1, 2019. The fair value of Bunker's SARS for the years ended December 31, 2017, and 2018, are as follows: Click the icon to view the additional information.) All rights are exercised on January 1, 2019, when the fair value is $11. What is the compensation expense in 2017 and in 2018? Determine the compensation expense in 2017 The compensation expense in 2017 is $ Additional Information - Date December 31, 2017 December 31, 2018 Fair Value 7 $ S 10 Print Done Enter any number in the edit fields and then click Check Answer 1 part remaining Clear All Check Answer 29 0 4 Homework: Chapter 19 - Employee Compensation Save Score: 0 of 1 pt 10 of 20 (3 complete) HW Score: 15%, 3 of 20 pt BE19-9 (similar to) Question Help Gansac Incorporation started a share appreciation plan on January 1, 2018, when it granted 52,000 rights to its executives. The vesting period is 2 years. The stock appreciation rights are settled for cash. The plan expires on January 1, 2020. The fair value of Gansac's SARS for the years onded December 31, 2018, and 2019, are as follows: (Click the icon to view the additional information) All rights are exercised on January 1, 2020, when their fair value is $9 and the market price is $26 per share. What is the compensation expense in 2018 and in 2019? Prepare the journal entries to record the SAR plan. Determine the compensation expense in 2018 The compensation expense in 2018 is S Additional Informatich Date Fair Value December 31, 2018 $ 10 December 31, 2019 $ 9 Print Done Enter any number in the edit fields and then click Check Answer. parts Clear All Check Answer Homework: Chapter 19 - Employee Compensation Save Score: 0 of 1 pt 9 of 20 (3 complete) HW Score: 15%, 3 of 20 pts BE19-6 (similar to) Question Help Elgin Limousine Services granted 5,500 options to acquire 5,500 shares of its $2 par value common stock. At the grant date, the fair value of the options is $130,000 and the exercise price per option is $7 each. Prepare the necessary journal entry assuming that all the options granted by Elgin expired and were not exercised by any of the company's employees. (Record debits first, then credits. Exclude explanations from any journal entries.) Account Expiration date Choose from any list or enter any number in the input fields and then click Check Answer. Check Answer Homework: Chapter 19 - Employee Compensation Save Score: 0 of 1 pt 8 of 20 (3 complete) HW Score: 15%, 3 of 20 pts BE19-5 (similar to) Question Help Elgin Limousine Services granted 6,000 options to acquire 6,000 shares of its $2 par value common stock. At the grant date, the fair value of the options is $145,000 and the exercise price per option is $6 each. Assuming that employees exercise all the options at the end of the service period, prepare the journal entry necessary to record the exercise of the options. (Record debits first, then credits. Exclude explanations from any journal entries.) Account Exercise Date Choose from any list or enter any number in the input fields and then click Check Answer Score: 0 of 1 pt 7 of 20 (3 complete) HW Score: 15%, 3 of 20 pts MC19-8 (similar to) Question Help The following information applies to Babydoll Company's defined benefit pension plan at December 31, Year 8: (Click the icon to view the information.) The company's employees have an average remaining service life of 10 years. The company has no unrecognized net gains or losses. What is the funded status of Babydoll's pension plan at December 31, year 7? * More Info O A. $195,000 overfunded. B. $250,000 overfunded. OC. $250,000 underfunded. D. $195,000 underfunded. Projected benefit obligation, December 31, Year 7 Projected benefit obligation, December 31, Year 8 Fair value of plan assets, December 31, Year 7 Fair value of plan assets, December 31, Year B Unrecognized prior service cost, December 31, Year 7 Year 8 service cost Expected benefits payable - year Discount rate Expected rate of retum on plan assets $2,000,000 2,220,000 1,750,000 2,025,000 500,000 200,000 400,000 6% 8% Print Done Click to select your answer and then click Check Answer Clear All All parts showing 29 CA X Next Question Score: 0 of 1 pt 6 of 20 (3 complete) HW Score: 15%, 3 of 20 pts MC19-7 (similar to) Question Help The following information relates to the pension plan for the employees of Neal Co.: (Click the icon to view the pension plan information.) Neal estimates that the average remaining service life is 16 years. Neal's contribution was $315,000 in Year 5 and benefits paid were $235,000 The amount of unrecognized net gain amortized in Year 5 is: Data Table OA. $9,688 OB. $8,314 OC. $12,500 OD. $12.750 Jan. 1. Year 4 $4,400.000 4,650,000 4,250,000 Dec. 31, Year 4 $4,600,000 4.980,000 5,200,000 5,160,000 (720,000) Accumulated benefit obligation Projected benefit obligation Fair value of plan assets Market-related value of assets Unrecognized net (gain) or loss Settlement rate (for year) Expected rate of return (for year) Dec. 31, Year 5 $6,000,000 6,670,000 5,740,000 5,650,000 (800,000) 11% 0 11% 8% 7% Print Done Click to select your CA Clear All All parts showing 29 Score: 0 of 1 pt 5 of 20 (3 complete) HW Score: 15%, 3 of 20 pts MC19-6 (similar to) Question Help Giant Jobs, Inc. amended its overfunded pension plan on December 3, Year 7, resulting in the recognition of prior service cost of $700,000. On December 31, Year 7. Giant Job's employees had an average remaining service life of 20 years. The company has an effective tax rate of 30%. How should the prior service cost be reported in the December 31, Year 7 financial statements? O A. $490,000 increase in net periodic pension cost. OB. $490,000 decrease in comprehensive income. O c. $700,000 increase in pension benefit asset. OD. $700,000 decrease in net income. Click to select your answer and then click Check Answer. Clear All Score: 0 of 1 pt 4 of 20 (3 complete) HW Score: 15%, 3 of 20 MC19-5 (similar to) Question Help The following information applies to Babydoll Company's defined benefit pension plan: (Click the icon to view the information.) The company's employees have an average remaining service life of 10 years. The company has no unrecognized net gains or losses. What is Babydoll's net periodic pension cost for Year 8? * More Info O A. $230,000 OB. $243,200 O C. $221,200 OD. $200,000 Projected benefit obligation, December 31, Year 7 Projected benefit obligation. December 31, Year 8 Fair value of plan assets, December 31, Year 7 Fair value of plan assets, December 31, Year 8 Unrecognized prior service cost December 31, Year 7 Year 8 Service cost Expected benefits payable - Year 9 Discount rate Expected rate of return on plan assets $2,000,000 2,220,000 1,750,000 2,025,000 500,000 200,000 400.000 6% 8% Print Done Click to select your answer and then click Check Answer. Check Answer Clear AB All parts showing 20 of 203 completely HW Score: 15%. 3 of 20 Question HD E19-13 (similar to) Howard Group provided the following information related to its defined benefit plan for the current year (Click the loon to view the information) Read the Requirement Compute the total pension cost for the year Select the labels and enter the amounts for all that are included in the pension cost for the yer Abbreviation used: PO - Projected Beet Dog Round all aboutons to the net whole che paraming for that reduce pension cost a box is not used in the table leave the box omply do not selecta labelor Components of Pension Costi Amount Data Table Current Year Soves Bohe $ 48.000 Prior Your 306.000 72.000 60.200 7 Total Pension Cost Requirements Description Beginning plantaire et the markedet Beginning med benetton Services Semente Expected remon Actualment Contributions for the Benas pag they Arion of provides teginninghalang of our comprime Urmo vicecom amortid Averaging op The minduded in the beginning of the P50 23.00 108.000 2.000 0.000 20,000 6.000 000 24.000 Gove 30 Determine the ending balances of the plants and the projected obation and indicate the funds of the plan Reconcending in other comprehensive coma und ridicate amounts tributable to unmortured prior wervice cost and unamorena d. Prepare the journal entry to record the current year's person coul. 24 10 ya 10 se 30 . % 15 & 7 8 0 6 9 3: 2 Save Score: 0 of 1 pt 19 of 20 (3 complete) HW Score: 15%, 3 of 20 pts E19-12 (similar to) Question Help Brook Technologies, Inc. started a defined benefit plan this year. As part of the union agreement, it provided $420,000 in retroactive benefits to all employees for their prior years' service. The company amortized $17,200 of these benefits during the current year. At the end of the year, the actuary provided you with the following information related to the plan: Click the icon to view the information.) Requirements Read the requirements: Requirement a. Compute the total pension cost for the year. a. Compute the total pension cost for the year. b. Determine the ending balances of the plan assets and the projected benefit Select the labels and enter the amounts for all items that are included in the per obligation and indicate the funded status of the plan or a minus sign for items that reduce pension cost. If a box is not used in the talk c. Prepare the journal entry to record the current year's pension cost. Components of Pension Cost: Amount d. Reconcile the ending balance in accumulated other comprehensive income. Print Done * More Info Total Pension Cost Service cost for the year. $911,860 Contributions for the year, $364 100 Expected return on plan assets, 9% Settlement rate, 9% No retirement benefits were paid during the year. Choose from any list or enter any number in the input fields and then click Check Answe 5 parts remaining Clear All Print Done -A *** 18 of 203 comple HW Score: 159 Score: 0 of 1 pt E19-11 (similar to) Botanical Tea Company provided the following information related to its defined benefit person plan Click the loon to view the information) Rand the Que Defined benedit pension plant information Requirement a Compute the total pension cost for the year Select the labels and enter the amounts for all items that are included in the person cost for the year. (Abbrev won for the reduce pension costa boklansed in the tableave the box amply do not selle Components of Pension Cost: Amount 3 942.500 1.005,340 38.500 10% 18% Beginning plants a fair value equal to markolated Beginning projected benefit obligation (PO) Service cost for the year Settimanale Expected return on plans Actrum on planets Contributions for the you Bertant for the year Beginning and other comprehensive Income related to prior servo bitbalaca Amortization of process Increase in tending projected benet og to charge motion actuarios Average remaining ASLI of employee 121,180 070 40.000 2840 54,800 Total Pension Cost Requirement TES 10 There is no med ADC to some of the beginner Choose from Com the total pension cost for the year b. Dutermine the ending balance of the plants and resojected benefit obligation and indicate the understatus of the plan e Deneng bange for some romane income 4. Prepare the journal entry to record the current year's pension cost Reconditions in acumuwd other comprehensive incom Done parts 5 200 & BE19-23 (similar to) Question Help Shore Hernandez Fashions, Inc. sponsors a defined benefit pension plan for its employees. The company's pension trust provided the following information: fair value of beginning plan assets, $576,000: projected benefit obligation at the beginning of the year, $674,000; service cost, $59,000; interest on beginning PBO, $56,300; actual loss on plan assets, $35,200; composed of expected gains of $55,500 and unexpected losses of $85,100; actuarial gains because of in assumptions about PBO $98,639; benefit payments made to retirees, $29,788; and contributions made by the sponsor corporation, $86,700. There is no amortization necessary under the corridor approach. The ending balance of the PBO was previously calculated as S660,973. Determine the ending balance of the plan assets and indicate the funded status of the plan at the end of the year.(Abbreviations used: PBO = Projected Benefit Obligation. If a box is not used in the statement, leave the box empty, do not select a label or enter a zero. Use a minus sign or parentheses if the fund status is underfunded.) Plan Assets Amount Plan Assets-Ending Balance Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All Check Answer 29 Score: 0 of 1 pt 16 of 20 (3 complete) HW Score: 15%, 3 of 20 pts BE19-22 (similar to) Question Help Edison Hernandez Fashions, Inc. sponsors a defined benefit pension plan for its employees. The company's pension trust provided the following information: fair value of beginning plan assets, $572,000; projected benefit obligation at the beginning of the year. $679,000; service cost, 552,000; interest on beginning PBO, S56,500; actual loss on plan assets, $35,200 composed of expected gains of $57,000 and unexpected losses of $85,500; actuarial gains because of in assumptions about PBO, 598,546; benefit payments made to retirees, $29,785; and contributions made by the sponsor corporation, $86,100. There is no amortization necessary under the corridor approach. Compute the ending balance of the projected benefit obligation.(Abbreviations used: PBO - Projected Benefit Obligation. If a box is not used in the statement, leave the box empty, do not select a label or enter a zero.) PBO Amount Ending Balance of PBO 2 Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All Check Answer GA 29 Score: 0 of 1 pt 15 of 20 (3 complete) core: 1970, BE19-18 (similar to) Question Help Dorso West Shoes, Inc., provided the following information regarding its defined benefit pension plan: service cost, $250,000; Interest on the beginning PBO, $120,000; expected return on plan assets, $45,000; amortization of prior service costs related to unvested employees, $32,000; and amortization of net actuarial gain, $75,000. Based on this information, compute the total pension cost for the year. Select the labels and enter the amounts for all items that are included in the pension cost for the year. (Abbreviation used: PBO - Projected Benefit Obligation Use parentheses or a minus sign for items that reduce pension cost. If a box is not used in the table loave the box empty, do not select a label or enter a zero.) Components of Pension Cost: Amount Ad Total Pension Cost Choose from any list or enter any number in the input fields and then click Check Answer All parts showing Clear All Check Answer 29 ON A Score: 0 of 1 pt 14 of 20 (3 complete) HW Score: 15%, 3 of 20 pts BE19-17 (similar to) Question Help Jeremy Equipment offers its unionized employees a defined benefit plan. The company determines that the beginning balance of its unamortized net actuarial gain is equal to $134,000. A recent report from the pension plan indicates that the beginning balances of the projected benefit obligation and the plan assets at fair value (the same as the market-related asset value) are equal to $1,156,000 and $1,271,000, respectively. Read the requirements Requirement a. Compute the current year's amortization required by the corridor method assuming the average remaining service life of Jeremy's employees is 10 years, Corridor Test: The corridor is % of the larger of the beginning PBO or beginning plan assets at market-related asset value Requirements a. Compute the current year's amortization required by the corridor method assuming the average remaining service life of Jeremy's employees is 10 b. Prepare the journal entry. years. Print Done Enter any number in the edit fields and then click Check Answer. Clear All Check Answer parts 2 remaining 29 Save Score: 0 of 1 pt 13 of 20 (3 complete) HW Score: 15%, 3 of 20 pts BE19-13 (similar to) Question Help Ashwood Company offers all its employees the opportunity to purchase its $7 par value common stock at a 2% discount. The employees have 3 weeks to elect to participate in the plan. The current market price of the stock is $89 per share. Employees purchased a total of 208,000 shares. What joumal entry will the company make on the date the employees purchase the shares? (Record debits first, then credits. Exclude explanations from any journal entries.) Date of Employee Purchase Account Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All Check Answer BE19-12 (similar to) Question Help Rundell Company issued 107,000 shares of $2 par value, restricted stock to its top five key employees on January 1, 2017. The market value of Rundell's shares is $43 per share on the date of issue. The restricted shares require a vesting period of 2 years. Prepare the journal entries for the first year. Prepare the journal entry on the date of the grant of the restricted shares. This is to record amortization for the first year that will be amortized over the two-year vesting period (Record debits first, then credits. Exclude explanations from any journal entries.) Account January 1, 2017 Choose from any list or enter any number in the input fields and then click Check Answer. part Check Answer 1 Clear All remaining 0 29 4 Save Homework: Chapter 19 - Employee Compensation Score: 0 of 1 pt 11 of 20 (3 complete) HW Score: 15%, 3 of 20 pts BE19-11 (similar to) Question Help Bunker Incorporation started a share appreciation plan on January 1, 2017, when it granted 107,000 rights to its executives. The vesting period is 2 years. The stock appreciation rights are settled for cash. The plan expires on January 1, 2019. The fair value of Bunker's SARS for the years ended December 31, 2017, and 2018, are as follows: Click the icon to view the additional information.) All rights are exercised on January 1, 2019, when the fair value is $11. What is the compensation expense in 2017 and in 2018? Determine the compensation expense in 2017 The compensation expense in 2017 is $ Additional Information - Date December 31, 2017 December 31, 2018 Fair Value 7 $ S 10 Print Done Enter any number in the edit fields and then click Check Answer 1 part remaining Clear All Check Answer 29 0 4 Homework: Chapter 19 - Employee Compensation Save Score: 0 of 1 pt 10 of 20 (3 complete) HW Score: 15%, 3 of 20 pt BE19-9 (similar to) Question Help Gansac Incorporation started a share appreciation plan on January 1, 2018, when it granted 52,000 rights to its executives. The vesting period is 2 years. The stock appreciation rights are settled for cash. The plan expires on January 1, 2020. The fair value of Gansac's SARS for the years onded December 31, 2018, and 2019, are as follows: (Click the icon to view the additional information) All rights are exercised on January 1, 2020, when their fair value is $9 and the market price is $26 per share. What is the compensation expense in 2018 and in 2019? Prepare the journal entries to record the SAR plan. Determine the compensation expense in 2018 The compensation expense in 2018 is S Additional Informatich Date Fair Value December 31, 2018 $ 10 December 31, 2019 $ 9 Print Done Enter any number in the edit fields and then click Check Answer. parts Clear All Check Answer Homework: Chapter 19 - Employee Compensation Save Score: 0 of 1 pt 9 of 20 (3 complete) HW Score: 15%, 3 of 20 pts BE19-6 (similar to) Question Help Elgin Limousine Services granted 5,500 options to acquire 5,500 shares of its $2 par value common stock. At the grant date, the fair value of the options is $130,000 and the exercise price per option is $7 each. Prepare the necessary journal entry assuming that all the options granted by Elgin expired and were not exercised by any of the company's employees. (Record debits first, then credits. Exclude explanations from any journal entries.) Account Expiration date Choose from any list or enter any number in the input fields and then click Check Answer. Check Answer Homework: Chapter 19 - Employee Compensation Save Score: 0 of 1 pt 8 of 20 (3 complete) HW Score: 15%, 3 of 20 pts BE19-5 (similar to) Question Help Elgin Limousine Services granted 6,000 options to acquire 6,000 shares of its $2 par value common stock. At the grant date, the fair value of the options is $145,000 and the exercise price per option is $6 each. Assuming that employees exercise all the options at the end of the service period, prepare the journal entry necessary to record the exercise of the options. (Record debits first, then credits. Exclude explanations from any journal entries.) Account Exercise Date Choose from any list or enter any number in the input fields and then click Check Answer Score: 0 of 1 pt 7 of 20 (3 complete) HW Score: 15%, 3 of 20 pts MC19-8 (similar to) Question Help The following information applies to Babydoll Company's defined benefit pension plan at December 31, Year 8: (Click the icon to view the information.) The company's employees have an average remaining service life of 10 years. The company has no unrecognized net gains or losses. What is the funded status of Babydoll's pension plan at December 31, year 7? * More Info O A. $195,000 overfunded. B. $250,000 overfunded. OC. $250,000 underfunded. D. $195,000 underfunded. Projected benefit obligation, December 31, Year 7 Projected benefit obligation, December 31, Year 8 Fair value of plan assets, December 31, Year 7 Fair value of plan assets, December 31, Year B Unrecognized prior service cost, December 31, Year 7 Year 8 service cost Expected benefits payable - year Discount rate Expected rate of retum on plan assets $2,000,000 2,220,000 1,750,000 2,025,000 500,000 200,000 400,000 6% 8% Print Done Click to select your answer and then click Check Answer Clear All All parts showing 29 CA X Next Question Score: 0 of 1 pt 6 of 20 (3 complete) HW Score: 15%, 3 of 20 pts MC19-7 (similar to) Question Help The following information relates to the pension plan for the employees of Neal Co.: (Click the icon to view the pension plan information.) Neal estimates that the average remaining service life is 16 years. Neal's contribution was $315,000 in Year 5 and benefits paid were $235,000 The amount of unrecognized net gain amortized in Year 5 is: Data Table OA. $9,688 OB. $8,314 OC. $12,500 OD. $12.750 Jan. 1. Year 4 $4,400.000 4,650,000 4,250,000 Dec. 31, Year 4 $4,600,000 4.980,000 5,200,000 5,160,000 (720,000) Accumulated benefit obligation Projected benefit obligation Fair value of plan assets Market-related value of assets Unrecognized net (gain) or loss Settlement rate (for year) Expected rate of return (for year) Dec. 31, Year 5 $6,000,000 6,670,000 5,740,000 5,650,000 (800,000) 11% 0 11% 8% 7% Print Done Click to select your CA Clear All All parts showing 29 Score: 0 of 1 pt 5 of 20 (3 complete) HW Score: 15%, 3 of 20 pts MC19-6 (similar to) Question Help Giant Jobs, Inc. amended its overfunded pension plan on December 3, Year 7, resulting in the recognition of prior service cost of $700,000. On December 31, Year 7. Giant Job's employees had an average remaining service life of 20 years. The company has an effective tax rate of 30%. How should the prior service cost be reported in the December 31, Year 7 financial statements? O A. $490,000 increase in net periodic pension cost. OB. $490,000 decrease in comprehensive income. O c. $700,000 increase in pension benefit asset. OD. $700,000 decrease in net income. Click to select your answer and then click Check Answer. Clear All Score: 0 of 1 pt 4 of 20 (3 complete) HW Score: 15%, 3 of 20 MC19-5 (similar to) Question Help The following information applies to Babydoll Company's defined benefit pension plan: (Click the icon to view the information.) The company's employees have an average remaining service life of 10 years. The company has no unrecognized net gains or losses. What is Babydoll's net periodic pension cost for Year 8? * More Info O A. $230,000 OB. $243,200 O C. $221,200 OD. $200,000 Projected benefit obligation, December 31, Year 7 Projected benefit obligation. December 31, Year 8 Fair value of plan assets, December 31, Year 7 Fair value of plan assets, December 31, Year 8 Unrecognized prior service cost December 31, Year 7 Year 8 Service cost Expected benefits payable - Year 9 Discount rate Expected rate of return on plan assets $2,000,000 2,220,000 1,750,000 2,025,000 500,000 200,000 400.000 6% 8% Print Done Click to select your answer and then click Check Answer. Check Answer Clear AB All parts showing