Question # 1 ABC Company sponsors a contributory pension plan for which the company contributes 3% of salaries for exempt employees, and the employees have contributed a total $245,000.00 . If hourly employees have earned a total of $380,000.00, and salaried employees have earned a total of $420,000.00 this year,what is the pension expense for the year?A. $7,350.00 B. $11,400.00 C. $12,600.00...

Atoosa

• May 27th, 2015

1

dbmalipatil

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• Mar 30th, 2008

Q2: Devon is hired at a salary of $78,000.00 annually and begins work on Wednesday July 7th . If payroll is processed semi- monthly for periods ending on the 15th and the final day of the month, What ...

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Alex has noticed a problem with the balance showing in the Notes payable account, according to a statement sent by the Bank the notes in question has a remaining balance 75,000.00 while the G/L shows a $64,000.00 balance. In researching this ALEX finds that the $3,000.00 per month payment was coded entirely to Notes payable and no entry was made to Interest Expense. What entry should ALEX make to correct...

zijing

• Mar 11th, 2015

E

mikeregas

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• Mar 2nd, 2008

Debit intrest and credit notes payable

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ABC Trial Balance 12/31/year 1A/P 20,000.00Bonds Payable due year 2 $ 10,000.00Dividends Payable on 02/01/year 2 $5,000.00Income Tax payable$ 15,000.00Notes Payable due 01/15/year3 $ 10,000.00in ABC's 12/31/year 1 Balance Sheet The Current Liabilities total S/B50,000.00 or 60,000.00 or 20,000.00 or 35,000.00 or $0.00

finance_quest

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• Nov 25th, 2011

Contingent liability is one kind of provision that company keeps as the safety to meet its unforeseen events.In future any event can come to place such as changes in the value of the foreign currency...

haniabdulrasoul

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• Mar 29th, 2008

ABC Trial Balance 12/31/year 1A/P 20,000.00Bonds Payable due year 2 $ 10,000.00Dividends Payable on 02/01/year 2 $5,000.00Income Tax payable$ 15,000.00Notes Payable due 01/15/year3 $ 10,000.00in ABC&#...

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ABC had accounts payable of $150,000.00 on its books for the year ended 12/31/ year 1 before consideration of the following:Invoice # 104 dated 01/03/year 2 in amount $5,000.00 for product shipped 12/24/year 1 and received 12/27/year 1, terms FOB shipping point.Invoice # 587 dated 01/04/year 2 amount 10,000.00 for product shipped 12/27/year 1 and received 01/03/year 2, terms FOB shipping point.invoice...

I need simple example for all depreciation methods.Thank you so muchYousry NasrEmail yousrynasr@hotmail.com

blossambuddy

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• Aug 6th, 2009

1. Fixed Instalment method 2. Written down value method3. Annuity method4. Sinking fund method5. Machine hour rate method6. Production units method7. Accelerated method

Vansat

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• Jun 11th, 2009

Following are the depriciation methods that are used in FA module: 1. Flat rate method 2. Calculated method3. Table method4. Formula method5. Production method6. STL7. DEMINISHING8. Time-Hour

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