(Basic Pension Worksheet)
The following defined pension data of Rydell Corp. apply to the year 2010.
Projected benefit obligation, 1/1/10 (before amendment)
Plan assets, 1/1/10
On January 1, 2010 Rydell Corp. through plan
(Identify Temporary or Permanent Differences)
Listed below are items that are commonly accounted for differently for financial reporting purposes than they
are for tax purposes.
For each item below, indicate whether it involves:
(1) A temporary
(Stock Split and Stock Dividend)
The common stock of Warner Inc. is currently selling at $110 per share. The directors wish to
reduce the share price and increase share volume prior to a new issue. The per share par value is
$10; book value is
(Pension Expense, Journal Entries for 2 Years)
Gordon Company sponsors a defined benefit pension plan. The following information related to the
pension plan is available for 2010 and 2011.
Plan assets (fair value), December 31
(Second Year of Depreciation Difference, Two Differences, Single Rate, Extraordinary Item)
The following information has been obtained for the Gocker Corporation.
Prior to 2010, taxable income and pretax financial income were identical.
Running head: WEEK FIVE REFLECTION
Week Five Reflection
WEEK FIVE REFLECTION
Discussion summary of weekly objectives discusses: differences between defined contribution
and benefit plans, components of pension exp
(Trading Securities Entries)
On December 21, 2010, Zurich Company provided you with the following information regarding
its trading securities.
December 31, 2010
Stargate Corp. stock
Carolina Co. stock
Vectorman Co. stock
Running head: WEEK THREE REFLECTIONS - INVESTMENTS
Week Three Reflections - Investments
WEEK THREE REFLECTIONS - INVESTMENTS
Distinguish between debt and equity investments. Classify securities as available-for-sale
Cardinal Paz Corp. carries an account in its general ledger called Investments, which contained debits for
investment purchases, and no credits, with the following descriptions.
Feb. 1, 2010