ACC 577 OUTLET Learn by Doing/acc577outlet.com ACC 577 OUTLET Learn by Doing/acc577outlet.com | Page 50

stock that cost $15,000 was reissued for $8,000. What amount
of retained earnings should be appropriated as a result of these
items?
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ACC 577 Week 5 Quiz (100 % Correct Answers)

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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