Question
2. The following information for Rapley Enterprises is given below: December 31, 2015 Assets and obligations Plan assets (at fair value) $100,000 Accumulated benefit obligation
2. The following information for Rapley Enterprises is given below: December 31, 2015 Assets and obligations Plan assets (at fair value) $100,000 Accumulated benefit obligation 185,000 Projected benefit obligation 200,000 Other Items Pension asset / liability, January 1, 2015 5,000 Contributions 60,000 Accumulated other comprehensive loss 83,950 There were no actuarial gains or losses at January 1, 2015. The average remaining service life of employees is 10 years. 2a. what is the pension expense that Rapley Enterprises should report for 2015? 2b. What is the amount that Rapley Enterprises should report as its pension liability on its balance sheet as of December 31, 2015? 2c. The amortization of Other Comprehensive Loss for 2016 is:
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