Question: please help me do these correctly, lately every time ive asked chegg for help with these, the answers are always incorrect. Hicks Cable Company has


Hicks Cable Company has a defined benefit pension plan. Three alternative possibilities for pension-related data at January 1, 2018 are shown below. Net loss (gain)-AOCI, Jan. 1 2018 loss (gain) on plan assets 2018 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) Case 1 $ 330 (21) (33) (3,050) (3,410) 2,900 ($ in eee's) Case 2 $ (360) (18) 26 (2,650) (2,770) 2,800 Case 3 $ 279 8 (295) (1,550) (1,800) 1,650 Required: 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 2018 2. For each independent case, determine the net loss-AOCI or net gain-AOCI as of January 1, 2019. 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 2018. (Input all amounts as positive values.) Case 1 $ 330 (S in 000's) Case 2 $ 360 Case 3 $ 279 Net gain or loss Less: Corridor amount Excess, if any Service period (years) Amortization of gain or loss $ 330 $ 360 $ 0 Required 2 > Required 1 Required 2 For each independent case, determine the net loss-AOCI or net gain-AOCI as of January 1, 2019. (Amounts to be deducted and losses amounts should be indicated by a minus sign.) Case 1 ($ in 000's) Case 2 $ (360) Case 3 $ 279 330 January 1, 2018 net loss (gain) Loss (gain) on plan assets Amortization Loss (gain) on PBO January 1, 2019 net loss or (gain) - AOCI $ 330,0 $ (360.0) $ 279 0
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