For 2017, prepare a pension worksheet for Pearl Corp. that shows the journal entry for pension expense and the year-end balances in the related pension accounts. Projected benefit obligation,1/1/17 (before) $537,000
Plan assets, 1/1/17 523,800
Pension liability 13,200

On January 1, 2017, Pearl Corp., through plan grants prior service benefits having a present value of 104,000
Settlement rate 9%
Service cost 56,000
Contributions (funding) 61,000
Actual (expected) return on plan assets 47,500
Benefits paid to retirees 37,000
Prior service cost amortization for 2017 18,200

mark, a civil engineer, entered into a contract with david. as per the contract, mark agreed to design and build a house for david for a specified fee. mark provided david with an estimation of the total cost and the contract was mutually agreed upon. however, during construction, when mark increased the price due to a miscalculation on his part, david refused to pay the amount. this scenario is an example of a mistake.

Kiona co. set up a petty cash fund for payments of small amounts. the following transactions involving the petty cash fund occurred in may (the last month of the company's fiscal year). may 1 prepared a company check for $350 to establish the petty cash fund. 15 prepared a company check to replenish the fund for the following expenditures made since may 1. a. paid $109.20 for janitorial services. b. paid $89.15 for miscellaneous expenses. c. paid postage expenses of $60.90. d. paid $80.01 to the county gazette (the local newspaper) for an advertisement. e. counted $26.84 remaining in the petty cashbox. 16 prepared a company check for $200 to increase the fund to $550. 31 the petty cashier reports that $380.27 cash remains in the fund. a company check is drawn to replenish the fund for the following expenditures made since may 15. f. paid postage expenses of $59.10. g. reimbursed the office manager for business mileage, $47.05. h. paid $48.58 to deliver merchandise to a customer, terms fob destination. 31 the company decides that the may 16 increase in the fund was too large. it reduces the fund by $50, leaving a total of $500.

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak