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shepuryov
11 days ago
11

On January 1, Year 1, the Hoverman Corporation made amendments to its defined benefit pension plan, resulting in $150,000 of pas

t service costs. The plan has 100 active employees with an average expected remaining working life of 10 years. There currently are no retirees under the plan. Required: Determine the amount of past service costs to be amortized in Year 1 and subsequent years under (a) IFRS and (b) U.S. GAAP.
Business
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What is a common workflow error that can cause duplicate expenses in QuickBooks Online?
marusya05 [3725]

Answer:

A frequent workflow mistake that may result in duplicate charges in QuickBooks Online is:

Creating duplicate transactions.

Explanation:

This typically happens due to a mix-up before entries are finalized. It can be performed by a manager or someone from the procurement team. Therefore, it’s crucial to have the accounts checked at two distinct intervals by different departments: accounting first, followed by finance. This ensures everything is accurate.

5 0
3 months ago
A stadium charges $15 to park in the stadium parking lot, and $10 to park in the satellite lot. If the stadium wants to make $30
arsen [3447]

Answer:

12,000

Explanation:

The total parking revenue goal is $300,000, with $180,000 coming from the stadium parking lot, which accommodates 12,000 cars. We calculate this by multiplying 12,000 cars by the $15 parking fee, resulting in $180,000.

The remaining amount needed is

= $300,000 - $180,000

= $120,000

This amount needs to be earned from satellite parking.

To determine how many fans must park in satellite lots, divide this amount by the satellite lot rate:

= $120,000 / $10

= 12,000

5 0
3 months ago
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