The projected benefit obligation and plan assets were 200 million and 280 million, respectively, at the beginning of the year. Due primary to favorable market performance in recent years, there also was a net gain of 74 million. on average, employees remaining service life with the company is 10 years. As a result of the net gain, what was the increase or decrease in pension expense for the year? net gain corridor amount excess, if any Service period (years) amortization of net gain decreases pension expense by
The projected benefit obligation and plan assets were 200 million and 280 million, respectively, at the beginning of the year. Due primary to favorable market performance in recent years, there also was a net gain of 74 million. on average, employees remaining service life with the company is 10 years. As a result of the net gain, what was the increase or decrease in pension expense for the year? net gain corridor amount excess, if any Service period (years) amortization of net gain decreases pension expense by
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The projected benefit obligation and plan assets were 200 million and 280 million, respectively, at the beginning of the year. Due primary to favorable market performance in recent years, there also was a net gain of 74 million. on average, employees remaining service life with the company is 10 years.
As a result of the net gain, what was the increase or decrease in pension expense for the year?
net gain
corridor amount
excess, if any
Service period (years)
amortization of net gain decreases pension expense by
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