Buffalo Corporation had a projected benefit obligation of $3,280,000 and plan assets of $3,446,000 at January 1, 2020. Buffalo also had a net actuarial loss of $513,520 in accumulated OCI at January 1, 2020. The average remaining service period of Buffalo’s employees is 8.20 years. Compute Buffalo’s minimum amortization of the actuarial loss. Minimum amortization of the actuarial loss $enter Buffalo’s minimum amortization of the actuarial loss
Buffalo Corporation had a projected benefit obligation of $3,280,000 and plan assets of $3,446,000 at January 1, 2020. Buffalo also had a net actuarial loss of $513,520 in accumulated OCI at January 1, 2020. The average remaining service period of Buffalo’s employees is 8.20 years. Compute Buffalo’s minimum amortization of the actuarial loss. Minimum amortization of the actuarial loss $enter Buffalo’s minimum amortization of the actuarial loss
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Buffalo Corporation had a projected benefit obligation of $3,280,000 and plan assets of $3,446,000 at January 1, 2020. Buffalo also had a net actuarial loss of $513,520 in accumulated OCI at January 1, 2020. The average remaining service period of Buffalo’s employees is 8.20 years.
Compute Buffalo’s minimum amortization of the actuarial loss.
| Minimum amortization of the actuarial loss |
$enter Buffalo’s minimum amortization of the actuarial loss
|
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