Oriole Company received the following selected information from its pension plan trustee concerning the operation of the company$$s defined benefit pension plan for the year ended December $31,2025.$

January $1,2025$

December $31,2025$

Projected benefit obligation

$$1,474,000$ $$1,500,000$

Market$-$related and fair value of plan assets

$800,0001,133,000$

Accumulated benefit obligation

$1,594,0001,712,100$

Accumulated OCI $($G$/$L$)$Net gain

$0(197,400)$

The service cost component of pension expense for employee services rendered in the current year amounted to $$76,000$ and the amortization of prior service cost was $$118,100.$ The company$$s actual funding $($contributions$)$ of the plan in $2025$ amounted to $$253,000.$ The expected return on plan assets and the actual rate were both $10\%$; the interest$/$discount $($settlement$)$ rate was $10\%.$ Accumulated other comprehensive income $($PSC$)$ had a balance of $$1,181,000$ on January $1,2025.$ Assume no benefits paid in $2025.$

Answer rating: 100% (QA)

To compute Oriole Companys pensionrelated figures for the year ended December 31 2025 well need to c... View the full answer