Calder Company has a defined benefit pension plan. Pension-related data for the current calendar year are shown below: Average remaining service period of active employees 12 years Net gain, January 1 $ 214,600 PBO, January 1 1,630,000 Plan assets, January 1 1,930,000 What is the amount of the amortization of the net loss or gain that should be included as a component of pension expense for the current year?
Calder Company has a defined benefit pension plan. Pension-related data for the current calendar year are shown below: Average remaining service period of active employees 12 years Net gain, January 1 $ 214,600 PBO, January 1 1,630,000 Plan assets, January 1 1,930,000 What is the amount of the amortization of the net loss or gain that should be included as a component of pension expense for the current year?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter19: Accounting For Post Retirement Benefits
Section: Chapter Questions
Problem 3RE: Pinecone Company has plan assets of 500,000 at the beginning of the current year and expects to earn...
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Calder Company has a defined benefit pension plan. Pension-related data for the current calendar year are shown below:
| Average remaining service period of active employees | 12 | years | |
| Net gain, January 1 | $ | 214,600 | |
| PBO, January 1 | 1,630,000 | ||
| Plan assets, January 1 | 1,930,000 | ||
What is the amount of the amortization of the net loss or gain that should be included as a component of pension expense for the current year?
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