The following is the only information pertaining to kane co.âs defined benefit pension plan: pension asset, january 1, year 1 $ 2,000service cost 19,000interest cost 38,000actual and expected return on plan assets 22,000amortization of prior service cost arising in a prior period 52,000employer contributions 40,000in its december 31, year 1, balance sheet, what amount should kane report as the unfunded or overfunded projected benefit obligation () $ 7,000 overfunded.(b) $15,000 underfunded.(c) $45,000 underfunded.(d) $52,000 underfunded.

Partnerships are the most common type of business firms in the world. t/f

Alocal club is selling christmas trees and deciding how many to stock for the month of december. if demand is normally distributed with a mean of 100 and standard deviation of 20, trees have no salvage value at the end of the month, trees cost $20, and trees sell for $50 what is the service level?

Identify the accounting assumption or principle that is described below. (a) select the accounting assumption or principle is the rationale for why plant assets are not reported at liquidation value. (note: do not use the historical cost principle.) (b) select the accounting assumption or principle indicates that personal and business record-keeping should be separately maintained. (c) select the accounting assumption or principle assumes that the dollar is the "measuring stick" used to report on financial performance. (d) select the accounting assumption or principle separates financial information into time periods for reporting purposes. (e) select the accounting assumption or principle measurement basis used when a reliable estimate of fair value is not available. (f) select the accounting assumption or principle dictates that companies should disclose all circumstances and events that make a difference to financial statement users.