Linda Berstler Company sponsors a defined benefit pension plan. The corporation's actuary provides the following information about
Question:
Linda Berstler Company sponsors a defined benefit pension plan. The corporation's actuary provides the following information about the plan.
The average remaining service life per employee is 20 years. The average time to vesting past service costs is 10 years.
Instructions
(a) Compute the actual return on the plan assets in 2012.
(b) Compute the amount of the unrecognized net gain or loss as of December 31, 2012. (Assume the January 1, 2012, balance was zero.)
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