Where should the funded status of a defined benefit pension plan be reported?

Under state law, Warner Company pays 2% of eligible gross wages for unemployment insurance. Eligible gross wages are defined as the first $12,000 of wages earned by each employee during a year. Warner had 5 employees, each of whom earned $40,000 during Year 2. What will Warner record as unemployment insurance expense for the year?

Under state law, Warner Company pays 2% of eligible gross wages for unemployment insurance. Eligible gross wages are defined as the first $12,000 of wages earned by each employee during a year. Warner had 5 employees, each of whom earned $40,000 during Year 2. What will Warner record as unemployment insurance expense for the year?

On January 2, Year 3, the Beans Company gives its CEO 1,500 options to buy stock in the company. The market price per share on that date is $25 and the option price is $22. The price increases to $29 per share on December 31, Year 3, and to $30 per share on December 31, Year 4. A computer pricing model values each option at $4 on the date of the grant, at $5 on December 31, Year 3, and at $7 on December 31, Year 4. The CEO must work for three years in order to earn these options and then has one additional year to exercise them. What amount of expense should Beans Company recognize in Year 4 related to these stock options?

Where should the funded status of a defined benefit pension plan be reported?

A company starts a defined benefit pension plan on January 1, Year 1. The service cost for the year is $250,000 and plan funding each year is $175,000 (made each January 1). Interest on the projected benefit obligation is 8% while the expected return on plan assets is 10%. How much is pension expense in Year 2?

A company starts a defined benefit pension plan on January 1, Year 1. The service cost for the year is $250,000 and plan funding each year is $175,000 (made each January 1). Interest on the projected benefit obligation is 8% while the expected return on plan assets is 10%. How much is pension expense in Year 2?

On January 2, Year 3, the Beans Company gives its CEO 1,500 options to buy stock in the company. The market price per share on that date is $25 and the option price is $22. The price increases to $29 per share on December 31, Year 3, and to $30 per share on December 31, Year 4. A computer pricing model values each option at $4 on the date of the grant, at $5 on December 31, Year 3, and at $7 on December 31, Year 4. The CEO must work for three years in order to earn these options and then has one additional year to exercise them. What amount of expense should Beans Company recognize in Year 4 related to these stock options?

Any post retirement health benefits are accrued in a manner similar to pension benefits. The expected postretirement health benefits must be fully accrued by the date the employee is fully eligible for the benefits. The accrual will begin when the employee is hired through the eligibility date.

The differences between executive and nonexecutive plans is not a disclosure that is required.