At its fiscal year end, December 31, 2019, Yongqui & Xingyi Partners showed the following for its defined benefit pension plan: beginning PBO, $71,000; service cost, $17,600; interest cost, $4,600; benefits paid for the year, $9,200; ending PBO, $84,000; the expected return on plan assets, $9,600; and cash deposited with pension trustee, $14,000. These were the only pension-related costs reported. The journal entry will include a credit to the PBO for:

--------------------------------

Zafar & Sansone Corporation was incorporated in early 2021 and authorized the issuance of 16 million, $1 par common shares. During 2021, Zafar & Sansone reported the following:

January			1		sold 12 million shares at $9 per share
June			3		retired 6 million shares at $18 per share
December			28		sold 5 million shares at $20 per share

What is Zafar & Sansone's additional paid-in capitalexcess of par, as of the 12/31/2021 year-end balance sheet?

----------------

Guzman, Lee, & Lin Company had 58,000 shares of common stock issued and outstanding at January 1, 2021. During 2021, the company took the following actions:

June		1		Declared a 2-for-1 stock split, when the fair value of the stock was $33 per share.
October		15		Declared a $0.60 per share cash dividend.

In its statement of shareholders' equity for 2021, what amount should the company report as dividends?

---------------------------------------

Bujnowski Hardware has a deferred tax asset of $154 million with no valuation allowance at the end of 2020. At 12/31/2021, Bujnowski reported a deferred tax asset of $200 million with a zero valuation allowance, and income taxes payable of $96 million. Bujnowski believes that it is likely that 30% of the deferred tax asset will not be realized. Bujnowski made no estimated tax payments during 2021. What is Bujnowski's income tax expense for 2021?

------------------

Choudhary & Daughters LLC. was created on January 2, 2021 and had a pretax accounting income of $6,400,000 and taxable income of $9,040,000 in the first year of operations. The 2021 tax rate was 25%. The only difference between book and taxable income is estimated warranty costs. Anticipated payouts and enacted tax rates are provided below:

2022	$	880,000		30	%
2023		440,000		30	%
2024		440,000		30	%
2025		880,000		35	%

Required: Prepare the journal entry to record Choudhary's provision for taxes for the year 2021

-----------------------------------------------------------------------------------------------

Karampreet, Cao, & Cheung Attorney's at Law shows the following data for it's pension plan:

($ in thousands)	2021 Beginning balances				2022 Beginning balances
Projected benefit obligation	$	(6,600	)		$	(7,104	)
Plan assets		6,360				6,936
Prior service costAOCI		660				600
Net lossAOCI	$	780			$	846

On 12/31/2021, Karampreet, Cao, & Cheung contributed $665 thousand to the pension fund and retiree benefit payments was $654 thousand. The expected rate of return on plan assets was 10%, and the actuary's discount rate is 8%. There were no PBO gains or losses. The 2021 service cost for Karampreet, Cao, & Cheung's plan was?

-------------------------------------------------------------------------------------------------------------------------

Yumeng, Daniels & Edisherashvili Institute created a defined benefit pension plan on 01/01/2021. The annual service cost for each year of 2021 and 2022 was $790,000. The interest rate is 12%. Both the actual and the expected return on plan assets are 10% for each year. Yumeng, Daniels & Edisherashvili funded the plan in the amount of $590,000 each January 1, beginning on January 1, 2021. What is the net pension liability on Yumeng, Daniels & Edisherashvili's balance sheet for the year ended December 31, 2022?

-------------------------------------------------------------------------------------------------------------------------------------------------------