Question: Hicks Cable Company has a defined benefit pension plan. Three alternative possibilities for pension-related data at January 1, 2021, are shown below: Net loss

Hicks Cable Company has a defined benefit pension plan. Three alternative possibilities for pension-related data at January 1, 2021, are shown below: Net loss (gain)-AOCI, Jan. 1 2021 loss (gain) on plan assets 2021 loss (gain) on PBO Accumulated benefit obligation, Jan. 1 Projected benefit obligation, Jan. 1 Fair value of plan assets, Jan. 1 Average remaining service period of active employees (years) Required: ($ in thousands) Case 1 $ 327 Case 2 $ (357) Case 3 $ 276 (18) (15) 5 (30) 23 (292) (3,020) (2,620) (1,520) (3,380) (2,740) 2,870 2,770 (1,770) 1,620 13 16 11 1. For each independent case, calculate any amortization of the net loss or gain that should be included as a component of pension expense for 2021. 2. For each independent case, determine the net loss-AOCI or net gain-AOCI as of January 1, 2022. Complete this question by entering your answers in the tabs below. Required 1 Required 2 For each independent case, calculate any amortization of the net loss or gain that should be included as a component of pension expense for 2021. (Input all amounts as positive values.) Net gain or loss. Less: Corridor amount Excess, if any Service period (years) Amortization of gain or loss Case 1 ($ in thousands) Case 2 $ 327 $ 357 $ 327 0 Case 3 69 $ 276 69 $ 357 $ 276 0
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