The following information relates to the defined benefit pension plan for the employees of a company: 1/1/20 12/31/20 12/31/21 Projected benefit obligation $207,000 $300,000 $414,000 Accumulated benefit obligation 187,000 298,000 387,000 Fair value of plan assets 153,000 260,000 448,000 Accumulated OCI--gains -0- 118,000 206,000 The company estimates that the average remaining service life is 8 years. The company’s contribution was $146,000 in 2021 and benefits paid were $46,000. The corridor (used in the corridor amortization) for 2021 is $ ________________. (Note: a year’s beginning is the previous year’s ending.)
The following information relates to the defined benefit pension plan for the employees of a company:
1/1/20 12/31/20 12/31/21
Projected benefit obligation $207,000 $300,000 $414,000
Accumulated benefit obligation 187,000 298,000 387,000
Fair value of plan assets 153,000 260,000 448,000
Accumulated OCI--gains -0- 118,000 206,000
The company estimates that the average remaining service life is 8 years. The company’s contribution was $146,000 in 2021 and benefits paid were $46,000.
The corridor (used in the corridor amortization) for 2021 is $ ________________. (Note: a year’s beginning is the previous year’s ending.)
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