Assume that at the beginning of the current year, a company has a net gain- AOCI of $60,700,000. At the same time, assume the PBO and the plan assets are $303,000,000 and $452,500,000, 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? A. $1,544,000 B. $1,545,000 C. $6,070,000 D. $14,950,000

Assume that at the beginning of the current year, a company has a net gain- AOCI of $60,700,000. At the same time, assume the PBO and the plan assets are $303,000,000 and $452,500,000, 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? A. $1,544,000 B. $1,545,000 C. $6,070,000 D. $14,950,000

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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