At the beginning of 2024, a company has a net gain- AOCI of $75,800,000. The PBO and plan assets are $425,000,000 and $580,000,000, respectively. The average remaining service period for employees expected to receive benefits is 12 years. What is the amount of amortization to pension expense for the year?

At the beginning of 2024, a company has a net gain- AOCI of $75,800,000. The PBO and plan assets are $425,000,000 and $580,000,000, respectively. The average remaining service period for employees expected to receive benefits is 12 years. What is the amount of amortization to pension expense for the 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 9RE: Given the following information for Tyler Companys pension plan at the beginning of the year,...

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