Assume that at the beginning of the current year, a company has a net gain-AOCI of $26,300,000. At the same time, assume the PBO and the plan assets are $231,600,000 and $154,300,000, respectively. The average remaining service period for the employees expected to receive benefits is 10 years. What is the amount of amortization to pension expense for the year? Multiple Choice $2,055.000 $294,000 $773.000
Assume that at the beginning of the current year, a company has a net gain-AOCI of $26,300,000. At the same time, assume the PBO and the plan assets are $231,600,000 and $154,300,000, respectively. The average remaining service period for the employees expected to receive benefits is 10 years. What is the amount of amortization to pension expense for the year? Multiple Choice $2,055.000 $294,000 $773.000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Subject: acounting
Transcribed Image Text:Assume that at the beginning of the current year, a company has a net gain-AOCI of $26,100,000. At the same time, assume the PBO and the plan assets are $231,600,000 and
$154,300,000, respectively. The average remaining service period for the employees expected to receive benefits is 10 years. What is the amount of amortization to pension expense
for the year?
Multiple Choice
O
$2.055.000
$294,000
$773.000
$300.000
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