The following information relates to the defined benefit pension plan for the employees of a company: 1/1/20 12/31/20 12/31/21 Projected benefit obligation $216,000 $303,000 $416,000 Accumulated benefit obligation 191,000 289,000 379,000 Fair value of plan assets 150,000 262,000 439,000 Accumulated OCI--gains -0- 67,000 169,000 The company estimates that the average remaining service life is 40 years. The company's contribution was $112,000 in 2021 and benefits paid were $30,000. The amount of accumulated OCI-gains amortized in 2021 is $ answer. Note: a year's beginning is the previous year's ending.) (If there should be no corridor amortization, then enter 0. If your answer is a decimal, there is no need to round your
The following information relates to the defined benefit pension plan for the employees of a company: 1/1/20 12/31/20 12/31/21 Projected benefit obligation $216,000 $303,000 $416,000 Accumulated benefit obligation 191,000 289,000 379,000 Fair value of plan assets 150,000 262,000 439,000 Accumulated OCI--gains -0- 67,000 169,000 The company estimates that the average remaining service life is 40 years. The company's contribution was $112,000 in 2021 and benefits paid were $30,000. The amount of accumulated OCI-gains amortized in 2021 is $ answer. Note: a year's beginning is the previous year's ending.) (If there should be no corridor amortization, then enter 0. If your answer is a decimal, there is no need to round your
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 7E
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