ACC 577 help A Guide to career/uophelp.com ACC 577 help A Guide to career/uophelp.com | Page 44

ACC 577 Week 5 Quiz (100 % Correct Answers) For more course tutorials visit www.uophelp.com Week 5 Quiz All Questions Details given below (Please Check) Question 1 Parker Co. amended its pension plan on January 2 of the current year. It also granted $600,000 of unrecognized prior service costs to its employees. The employees are all active and expect to provide 2,000 service years in the future, with 350 service years this year. What is Parker's unrecognized prior service cost amortization for the year? Question 2 Note section disclosures in the financial statements for pensions do not require inclusion of which of the following? Question 3 For the year ended December 31, 2004, Grim Co.'s pretax financial statement income was $200,000 and its taxable income was $150,000. The difference is due to the following: Grim's enacted income tax rate is