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A B Blossom Co. had the following amounts related to its pension plan in 2017. Actuarial liability loss for 2017 Unexpected asset gain for 2017
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Blossom Co. had the following amounts related to its pension plan in 2017. Actuarial liability loss for 2017 Unexpected asset gain for 2017 Accumulated other comprehensive income (G/L) (beginning balance) $29,000 19,700 6,800 Cr. Determine for 2017: (a) Blossom's other comprehensive income (loss), and (b) comprehensive income. Net income for 2017 is $25,500; no amortization of gain or loss is necessary in 2017. (Enter loss using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) (a) Other comprehensive income (loss). (b) Comprehensive income (loss) Flint Corp. has three defined benefit pension plans as follows. Plan X Plan Y Plan z Pension Assets (at Fair Value $658,000 965,000 527,000 Projected Benefit Obligation $495,000 781,000 634,000 How will Flint report these multiple plans in its financial statements? Pension Asset Pension LiabilityStep by Step Solution
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