Bull Corporation amended its defined benefit pension plan on 1/1/21. The following information is available: 1/1/21 before
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Question:
Bull Corporation amended its defined benefit pension plan on 1/1/21. The following information is available:
1/1/21 before 1/1/21 after
amendment amendment
Accumulated benefit obligation 1,150,000 1,475,000
Projected benefit obligation 1,400,000 1,795,000
(A) What is the prior service cost amendment in January 1,2021?
(B) Is the entire amount of the prior service cost amendment at January 1, 2021 be deducted to arrive at comprehensive income for 2021?
Related Book For
Intermediate Accounting
ISBN: 978-0078025839
9th edition
Authors: J. David Spiceland, James Sepe , Mark Nelson , Wayne Thomas
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