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Everdeen Corporation has the following information provided below: December 31, 2022 Assets and obligations Plan assets (at fair value) $200,000 Accumulated benefit obligation 370,000 Projected benefit obligation 400,000 Other Items Pension asset / liability, January 1, 2022   10,000 Contributions    120,000 Accumulated other comprehensive loss 167,900   There were no actuarial gains or losses at January 1, 2022. The average remaining service life of employees is 10 years. The amortization of Other Comprehensive Loss for 2023 is:   Question 16 options:   a)  $16,790   b)  $0   c)  $23,000   d)  $12,790

Everdeen Corporation has the following information provided below: December 31, 2022 Assets and obligations Plan assets (at fair value) $200,000 Accumulated benefit obligation 370,000 Projected benefit obligation 400,000 Other Items Pension asset / liability, January 1, 2022   10,000 Contributions    120,000 Accumulated other comprehensive loss 167,900   There were no actuarial gains or losses at January 1, 2022. The average remaining service life of employees is 10 years. The amortization of Other Comprehensive Loss for 2023 is:   Question 16 options:   a)  $16,790   b)  $0   c)  $23,000   d)  $12,790

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Everdeen Corporation has the following information provided below:

December 31, 2022
Assets and obligations

Plan assets (at fair value)
$200,000
Accumulated benefit obligation
370,000
Projected benefit obligation
400,000
Other Items
Pension asset / liability, January 1, 2022
 
10,000
Contributions
   120,000
Accumulated other comprehensive loss
167,900
 
There were no actuarial gains or losses at January 1, 2022. The average remaining service life of employees is 10 years.

The amortization of Other Comprehensive Loss for 2023 is:

 

Question 16 options:

 

a) 

$16,790
 

b) 

$0
 

c) 

$23,000
 

d) 

$12,790
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