Norton Co. had the following amounts related to its pension plan in 2010. Actuarial liability loss for

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Norton Co. had the following amounts related to its pension plan in 2010. 

Actuarial liability loss for 2010                                                                            $28,000

Unexpected asset gain for 2010                                                                           18,000

Accumulated other comprehensive income (G/L) (beginning balance)           7,000 Cr

Determine for 2010: 

(a) Norton’s other comprehensive income (loss), 

(b) Comprehensive income. Net income for 2010 is $26,000; no amortization of gain or loss is necessary in 2010.

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Related Book For  book-img-for-question

Intermediate Accounting

ISBN: 978-0470423684

13th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

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