Balances or Values at December 31, 2020 Projected benefit obligation Accumulated benefit obligation $2,758,700 1,977,400 Fair value of plan assets Accumulated OCI (PSC) Accumulated OCI–Net loss (1/1/20 balance, 0) Pension liability 2,259,100 209,600 45,300 499,600 Other pension plan data for 2020: Service cost $94,100 Prior service cost amortization 41,600 Actual return on plan assets Expected return on plan assets 130,300 175,600 254,600 Interest on January 1, 2020, projected benefit obligation Contributions to plan 93,700 Benefits paid 141,100
Balances or Values at December 31, 2020 Projected benefit obligation Accumulated benefit obligation $2,758,700 1,977,400 Fair value of plan assets Accumulated OCI (PSC) Accumulated OCI–Net loss (1/1/20 balance, 0) Pension liability 2,259,100 209,600 45,300 499,600 Other pension plan data for 2020: Service cost $94,100 Prior service cost amortization 41,600 Actual return on plan assets Expected return on plan assets 130,300 175,600 254,600 Interest on January 1, 2020, projected benefit obligation Contributions to plan 93,700 Benefits paid 141,100
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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I need help computing the amount of accumulated other comprehensive income
Transcribed Image Text:Compute the amount of accumulated other comprehensive income reported at December 31, 2020. (Enter los
or parentheses e.g. (45).)
Accumulated other comprehensive income (los
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Exercise 20-09
Culver Enterprises provides the following information relative to its defined benefit pension plan.
Balances or Values at December 31, 2020
Projected benefit obligation
$2,758,700
Accumulated benefit obligation
Fair value of plan assets
Accumulated OCI (PSC)
Accumulated OCI–Net loss (1/1/20 balance, 0)
1,977,400
2,259,100
209,600
45,300
Pension liability
499,600
Other pension plan data for 2020:
Service cost
$94,100
Prior service cost amortization
41,600
Actual return on plan assets
130,300
Expected return on plan assets
175,600
Interest on January 1, 2020, projected benefit obligation
254,600
Contributions to plan
93,700
Benefits paid
141,100
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