nayellisoto15

23.02.2022 • 

Business

For 2017, prepare a pension worksheet for Pearl Corp. that shows the journal entry for pension expense and the year-end balances in the related pension accounts. Projected benefit obligation,1/1/17 (before) $537,000
Plan assets, 1/1/17 523,800
Pension liability 13,200

On January 1, 2017, Pearl Corp., through plan grants prior service benefits having a present value of 104,000
Settlement rate 9%
Service cost 56,000
Contributions (funding) 61,000
Actual (expected) return on plan assets 47,500
Benefits paid to retirees 37,000
Prior service cost amortization for 2017 18,200

Ответ:

lilbit217

20.10.2021

Business

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I believe the answer is: Prices for goods and services increased, and a dollar bought less than it previously had

In the 1970s, united states was experiencing a period of economic stagnation which later known as called the great inflation of the 1970s.

During this period, the number of unemployment skyrocketed and the value of our currency fall dramatically, which caused an increase in overall products and less amount of products it can obtain with previously same amount.

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