Assume that at the beginning of the current year, a company has a net gain-AOCI of $25,600,000.
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Assume that at the beginning of the current year, a company has a net gain-AOCI of $25,600,000. At the same time, assume the PBO and the plan assets are $243,400,000 and $152,400,000, respectively. The average remaining service period for the employees expected to receive benefits is 10 years. What is the amount of amortization to pension expense for the year?
A) $2,178,000
B) $910,000
C) $128,000
D) $126,000
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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