100% Original, Plagiarism Free, Tailored to your instructions

Order Now!


Project description
1. Farris Electronics amended its pension plan effective January 1, 2015. The increase in the Pension Benefit Obligation occurring as a result of the plan amendment is $ 6,290,000. Farris arranged to fund the prior service cost by equal annual contributions over the next 15 years at 10% interest. Farris will make the first payment on December 31, 2015. The company decides to amortize the prior service cost on a straight-line basis over the average remaining service life of its employees. As at January 1, 2015, the company has 225 employees who are entitled to the benefits of the amendment. Farris estimates that an average of 15 employees will retire each year.
1.Compute the amount Farris will pay each year to fund the prior service cost arising from the plans amendment.
2.Compute Farriss annual prior service cost amortization based on average remaining years of employee service.
2. Concept Financial has a defined benefit pension plan for its employees. The following were the balances for the pension plan as of January 1, 2015:
Annual Benefit Obligation
Pension Benefit Obligation
Deferred pension gain
Fair value of the pension fund
Market-related value of the pension fund ( five-year weighted average)
The pension plan would earn 12% of the market-related value of the pension fund in 2015. The actual return on the pension fund was $315,000. The company has elected to amortize the deferred pension gains and losses over 10 years.
Answer the following questions:
1.Compute the amount of deferred gain or loss for 2015.
2.Compute the amount of amortization of deferred pension gain or loss for 2015.
3.Computed pension expense is $ 534,000. However, this computation ignores any deferred gains or losses for the year (in other words, actual, not expected return on the pension fund was included in the computations) as well as any amortization of deferred gains or losses from prior years. What is pension expense after considering the impact of deferred gains and losses and their amortization?
4.What is the deferred pension gain or loss that Concept will carry forward to 2016?

Our Service Charter

  1. Excellent Quality / 100% Plagiarism-Free

    We employ a number of measures to ensure top quality essays. The papers go through a system of quality control prior to delivery. We run plagiarism checks on each paper to ensure that they will be 100% plagiarism-free. So, only clean copies hit customers’ emails. We also never resell the papers completed by our writers. So, once it is checked using a plagiarism checker, the paper will be unique. Speaking of the academic writing standards, we will stick to the assignment brief given by the customer and assign the perfect writer. By saying “the perfect writer” we mean the one having an academic degree in the customer’s study field and positive feedback from other customers.
  2. Free Revisions

    We keep the quality bar of all papers high. But in case you need some extra brilliance to the paper, here’s what to do. First of all, you can choose a top writer. It means that we will assign an expert with a degree in your subject. And secondly, you can rely on our editing services. Our editors will revise your papers, checking whether or not they comply with high standards of academic writing. In addition, editing entails adjusting content if it’s off the topic, adding more sources, refining the language style, and making sure the referencing style is followed.
  3. Confidentiality / 100% No Disclosure

    We make sure that clients’ personal data remains confidential and is not exploited for any purposes beyond those related to our services. We only ask you to provide us with the information that is required to produce the paper according to your writing needs. Please note that the payment info is protected as well. Feel free to refer to the support team for more information about our payment methods. The fact that you used our service is kept secret due to the advanced security standards. So, you can be sure that no one will find out that you got a paper from our writing service.
  4. Money Back Guarantee

    If the writer doesn’t address all the questions on your assignment brief or the delivered paper appears to be off the topic, you can ask for a refund. Or, if it is applicable, you can opt in for free revision within 14-30 days, depending on your paper’s length. The revision or refund request should be sent within 14 days after delivery. The customer gets 100% money-back in case they haven't downloaded the paper. All approved refunds will be returned to the customer’s credit card or Bonus Balance in a form of store credit. Take a note that we will send an extra compensation if the customers goes with a store credit.
  5. 24/7 Customer Support

    We have a support team working 24/7 ready to give your issue concerning the order their immediate attention. If you have any questions about the ordering process, communication with the writer, payment options, feel free to join live chat. Be sure to get a fast response. They can also give you the exact price quote, taking into account the timing, desired academic level of the paper, and the number of pages.

Excellent Quality
Zero Plagiarism
Expert Writers

Instant Quote

Single spaced
approx 275 words per page
Urgency (Less urgent, less costly):
Total Cost: NaN

Get 10% Off on your 1st order!