Questions from Financial Accounting

Q: What are the economic and accounting differences between a defined contribution plan

What are the economic and accounting differences between a defined contribution plan and a defined benefit plan?

Q: The following footnote is from Note 8 to the 2018 I 0

The following footnote is from Note 8 to the 2018 I 0-K of Tesla, Inc.: Note &-Property, Plant and Equipment Our property, plant and equipment, net, consisted of the following (in thousands): The...

Q: Under what circumstances will a company report a net pension asset?

Under what circumstances will a company report a net pension asset? A net pension liability?

Q: R&D intensity is measured by the ratio of research and

R&D intensity is measured by the ratio of research and development expense to sales revenue. The following table compares the R&D intensity for various companies. a. Comment on the differences...

Q: What are the components of pension expense that is reported in the

What are the components of pension expense that is reported in the income statement?

Q: Zeibart Company purchases equipment for $225,000 on July I

Zeibart Company purchases equipment for $225,000 on July I, 20 I 6, with an estimated useful life of 10 years and expected salvage value of $25,000. Straight-line depreciation is used. On July 1, 2020...

Q: Two important concepts that guide income statement reporting are the revenue recognition

Two important concepts that guide income statement reporting are the revenue recognition principle and the expense recognition principle. Define and explain each of these two guiding principles.

Q: What effect does the use of expected returns on pension investments and

What effect does the use of expected returns on pension investments and the deferral of unexpected gains and losses on those investments have on income?

Q: Waymire Company sells a motor that carries a 60-day unconditional

Waymire Company sells a motor that carries a 60-day unconditional warranty against product failure. Waymire estimates that between the sale and lapse of the product warranty, 2% of the 69,000 units so...

Q: How is the initial valuation determined for lease liability and the right

How is the initial valuation determined for lease liability and the right-of-use asset for both an operating lease and a finance lease?