Use the following information to answer the next two questions. Balances or Values at December 31,...
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Use the following information to answer the next two questions. Balances or Values at December 31, 2022 Projected benefit obligation Accumulated benefit obligation Vested benefit obligation Fair value of plan assets Accumulated OCI - Net loss (zero balance at January 1, 2022) 5. What is the amount of pension liability (asset) as December 31, 2022 a. $(46,000). b. $254,000. c. $469,000. d. $(469,000). 6. What is the amortization of net loss for 2022? a. $0. b. $2,680. c. $26,800. d. $419,500. $4,195,000 3,980,000 3,680,000 3,726,000 26,800 Use the following information to answer the next two questions. Balances or Values at December 31, 2022 Projected benefit obligation Accumulated benefit obligation Vested benefit obligation Fair value of plan assets Accumulated OCI - Net loss (zero balance at January 1, 2022) 5. What is the amount of pension liability (asset) as December 31, 2022 a. $(46,000). b. $254,000. c. $469,000. d. $(469,000). 6. What is the amortization of net loss for 2022? a. $0. b. $2,680. c. $26,800. d. $419,500. $4,195,000 3,980,000 3,680,000 3,726,000 26,800
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Solution Balance or value as on December 31 2022 Estimated profit liability 4195000 Accumulate... View the full answer
Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1259066511
14th Canadian Edition
Authors: Larson Kermit, Jensen Tilly
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