Question: Please help me solve the problem below Hicks Cable Company has a defined benefit pension plan. Three alternative possibilities for pension-related data at January 1,
Please help me solve the problem below


Hicks Cable Company has a defined benefit pension plan. Three alternative possibilities for pension-related data at January 1, 2021, are shown below: ($ in thousands) Case 1 Case 2 Net loss (gain)-AOCI, Jan. 1 Case 3 $ 327 $ (357 ) $ 276 2021 loss (gain) on plan assets (18) 2021 loss (gain) on PBO (15) (30) 23 Accumulated benefit obligation, Jan. 1 (292) (3, 020 (2, 620) (1,520) Projected benefit obligation, Jan. 1 3, 380) (2, 740 Fair value of plan assets, Jan. 1 (1, 770) 2, 870 2, 770 1, 620 Average remaining service period of active employees (years) 13 16 11 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 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, determine the net loss-AOCI or net gain-AOCI as of January 1, 2022. (Amounts to be deducted and loss amounts should be indicated by a minus sign.) ($ in thousands) Case 1 Case 2 Case 3 January 1, 2021 net loss (gain) $ 327 $ (357) $ 276 Loss (gain) on plan assets Amortization Loss (gain) on PBO January 1, 2022 net loss or (gain) - AOCI $ 327 $ 357) $ 276 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 2021. (Input all amounts as positive values.) Net gain or loss Less: Corridor amount Excess. if any Sewioe period (years) Amortization of gain or loss Required 2 >
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