Sag, Inc. has the following information relating to its defined benefit plan as of December 31:...

 

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Sag, Inc. has the following information relating to its defined benefit plan as of December 31: Projected benefit obligation $5,000,000 Unrecognized prior service cost 600,000 Current-year amortization of pension gains 250,000 Unrecognized pension gains 1,400,000 Current-year return on plan assets 450,000 Ignoring taxes, what amount would Sag report as accumulated other comprehensive income on its December 31 balance sheet under U.S. GAAP? Sag, Inc. has the following information relating to its defined benefit plan as of December 31: Projected benefit obligation $5,000,000 Unrecognized prior service cost 600,000 Current-year amortization of pension gains 250,000 Unrecognized pension gains 1,400,000 Current-year return on plan assets 450,000 Ignoring taxes, what amount would Sag report as accumulated other comprehensive income on its December 31 balance sheet under U.S. GAAP?

Answer rating: 100% (QA)

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