Question
5. Calculate pension expense using the following amounts. Service Cost $506,000 Excess Amortization of Deferred Loss $115,000 Amortization of Prior Service Cost $17,000 Interest on
5. Calculate pension expense using the following amounts.
Service Cost $506,000
Excess Amortization of Deferred Loss $115,000
Amortization of Prior Service Cost $17,000
Interest on Projected Benefit Obligation $987,000
Return on Plan Assets $422,000
- $1,061,000
- $2,047,000
- $1,203,000
- None of the above
3.) Required: Calculate cash flow from operations using the indirect method and the following data:
Net Income was $57,000 | |||
Accounts receivable decreased by $12,000 | |||
Inventory increased by $9,000 | |||
Proceeds from issuing long term debts was $25,000 | |||
Accounts Payable increased $4,500 | |||
Equipment Purchases were $95,000 | |||
Depreciation and amortization expense was $21,000 | |||
Prepaid expenses decreased $5,000 |
- $90,500
- $100,500
- $20,500
- None of the above
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