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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 30 %. In its 2004 income