Pharoah Co. had the following amounts related to its pension plan in 2017. Actuarial liability loss for 2017 Unexpected asset gain for 2017 $30,800 17,000 7,700 Cr Accumulated other comprehensive income (G/L) (beginning balance) Determine for 2017: (a) Pharoah's other comprehensive income (loss), and (b) comprehensive income. Net income for 2017 is $26,900; no amortization of gain or loss is necessary in 2017.

Pharoah Co. had the following amounts related to its pension plan in 2017. Actuarial liability loss for 2017 Unexpected asset gain for 2017 $30,800 17,000 7,700 Cr Accumulated other comprehensive income (G/L) (beginning balance) Determine for 2017: (a) Pharoah's other comprehensive income (loss), and (b) comprehensive income. Net income for 2017 is $26,900; no amortization of gain or loss is necessary in 2017.

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter9: Operating Activities

Section: Chapter Questions

Problem 13QE

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