The projected benefit obiligation and plan assets were $160 million and $200 million, respectively, at the...
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The projected benefit obiligation and plan assets were $160 million and $200 million, respectively, at the beginning of the year. Due primarily to favorable stock market performance in recent years, there also was a net gain of $62 million. On average, employees remaining service life with the company is 10 years. As a result of the net gain, what was the increase or decrease in pension expense for the year? (Amounts to be deducted should be indicated with a minus sign.) ($ in milliona) Net gain Coridor amount Excess, if any Service period (years) Amortization of net gain decreases pension expense by The projected benefit obiligation and plan assets were $160 million and $200 million, respectively, at the beginning of the year. Due primarily to favorable stock market performance in recent years, there also was a net gain of $62 million. On average, employees remaining service life with the company is 10 years. As a result of the net gain, what was the increase or decrease in pension expense for the year? (Amounts to be deducted should be indicated with a minus sign.) ($ in milliona) Net gain Coridor amount Excess, if any Service period (years) Amortization of net gain decreases pension expense by
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Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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