Ivanhoe Corporation had a projected benefit obligation of $3,233,000 and plan assets of $ 3,394,000 at January 1, 2025. Ivanhoe also had a net actuarial loss of $442,900 in accumulated OCI at January 1, 2025. The average remaining service period of Ivanhoe's employees is 6.9 year.Compute Ivanhoe's minimum amortization of the actuarial loss.
Ivanhoe Corporation had a projected benefit obligation of $3,233,000 and plan assets of $ 3,394,000 at January 1, 2025. Ivanhoe also had a net actuarial loss of $442,900 in accumulated OCI at January 1, 2025. The average remaining service period of Ivanhoe's employees is 6.9 year.Compute Ivanhoe's minimum amortization of the actuarial loss.
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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![Ivanhoe Corporation had a projected benefit obligation of $3,233,000 and plan assets of $
3,394,000 at January 1, 2025. Ivanhoe also had a net actuarial loss of $442,900 in
accumulated OCI at January 1, 2025. The average remaining service period of Ivanhoe's
employees is 6.9 year.Compute Ivanhoe's minimum amortization of the actuarial loss.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F06bfe6e3-084b-4182-99c7-d3b371170488%2F692cf4b7-4a93-4368-a3b3-48ffb45b6a94%2Fv065dii_processed.png&w=3840&q=75)
Transcribed Image Text:Ivanhoe Corporation had a projected benefit obligation of $3,233,000 and plan assets of $
3,394,000 at January 1, 2025. Ivanhoe also had a net actuarial loss of $442,900 in
accumulated OCI at January 1, 2025. The average remaining service period of Ivanhoe's
employees is 6.9 year.Compute Ivanhoe's minimum amortization of the actuarial loss.
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