Brown Corp had a projected benefit obligation of $3,000,000 and plan assets of $2,500,000 at January 1, 2021. Brown had a net actuarial loss of $425,000 in Accumulated OCI at January 1, 2021. The average remaining service period of Brown's employees is 8 years. Calculate Brown's minimum amortization of the actuarial loss. $53,125 $18,000 O $15,625 O $37,500
Brown Corp had a projected benefit obligation of $3,000,000 and plan assets of $2,500,000 at January 1, 2021. Brown had a net actuarial loss of $425,000 in Accumulated OCI at January 1, 2021. The average remaining service period of Brown's employees is 8 years. Calculate Brown's minimum amortization of the actuarial loss. $53,125 $18,000 O $15,625 O $37,500
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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![Brown Corp had a projected benefit obligation of $3,000,000 and plan assets of $2,500,000 at
January 1, 2021. Brown had a net actuarial loss of $425,000 in Accumulated OCI at January 1,
2021. The average remaining service period of Brown's employees is 8 years. Calculate Brown's
minimum amortization of the actuarial loss.
$53,125
$18,000
$15,625
$37,500
Fly](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F487cb1ee-93e1-4d86-bea8-83211bae6c62%2F0d3eecae-31a4-4e43-8d7d-259c82375161%2Fyhaeizo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Brown Corp had a projected benefit obligation of $3,000,000 and plan assets of $2,500,000 at
January 1, 2021. Brown had a net actuarial loss of $425,000 in Accumulated OCI at January 1,
2021. The average remaining service period of Brown's employees is 8 years. Calculate Brown's
minimum amortization of the actuarial loss.
$53,125
$18,000
$15,625
$37,500
Fly
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