Tevez Company experienced an actuarial loss of $750 in its defined benefit plan in 2012. Tevez has
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Tevez Company experienced an actuarial loss of $750 in its defined benefit plan in 2012. Tevez has elected to recognize these losses immediately. For 2012, Tevez’s revenues are $125,000, and expenses (excluding pension expense of $14,000, which does not include the actuarial loss) are $85,000. Prepare Tevez’s statement of comprehensive income for 2012, assuming Tevez recognizes the loss in
(a) Net income,
(b) Other comprehensive income.
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a Income Statement Revenues 125000 Expenses 85000 Pension expense 1...View the full answer
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