Apple Plumbing reports actual returns on plan assets of $200,000, while the expected return was $181,000. In addition, an employee wellness program has resulted in changes in actuarial assumptions that result in an increase in the PBO of $24,000. What is the journal entry to record the change in actuarial assumptions? Group of answer choices Pension Plan Assets 5000 Pension Plan Assets 5000 OCI - Actuarial Gains/Losses 24,000 Projected Benefit Obligation 24,000 Pension Plan Assets 24,000 OCI - Pension Plan Gains/Losses 24,000 Pension Plan Assets 43,000 OCI - Actuarial Gains/Losses 43,000

Apple Plumbing reports actual returns on plan assets of $200,000, while the expected return was $181,000. In addition, an employee wellness program has resulted in changes in actuarial assumptions that result in an increase in the PBO of $24,000. What is the journal entry to record the change in actuarial assumptions? Group of answer choices Pension Plan Assets 5000 Pension Plan Assets 5000 OCI - Actuarial Gains/Losses 24,000 Projected Benefit Obligation 24,000 Pension Plan Assets 24,000 OCI - Pension Plan Gains/Losses 24,000 Pension Plan Assets 43,000 OCI - Actuarial Gains/Losses 43,000

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter9: Operating Activities

Section: Chapter Questions

Problem 13QE

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Prepare a vertical analysis scheduleHere is the operating data for Yalis Cleaning, Inc.:2021 2020Service revenue $523,000 $476,000Operating expenses 385,500 319,800Income tax expense 34,375 39,050Net income $103,125 $117,150PurposeThe purpose of this problem is to demonstrate an understanding of preparing a vertical analysis schedule.InstructionsAfter analyzing the transactions, prepare a vertical analysis schedule for the company for 2021 and 2020 using service revenueas the base amount. Round percentages to two decimal places.GuidanceFor formatting guidance, see the vertical analysis examples that are provided in Chapter 13 of the textbook.
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