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A B Cullumber Corporation had a projected benefit obligation of $3,386,000 and plan assets of $3,617,000 at January 1, 2017. Cullumber also had a net
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Cullumber Corporation had a projected benefit obligation of $3,386,000 and plan assets of $3,617,000 at January 1, 2017. Cullumber also had a net actuarial loss of $528,020 in accumulated OCI at January 1, 2017. The average remaining service period of Cullumber's employees is 7.70 years. Compute Cullumber's minimum amortization of the actuarial loss. Minimum amortization of the actuarial loss & Click if you would like to show Work for this question: Open Show Work LINK TO TEXT VIDEO: SIMILAR EXERCISE Sandhill Corporation has the following balances at December 31, 2017. Projected benefit obligation Plan assets at fair value Accumulated OCI (PSC) $2,434,000 1,859,000 1,187,000 What is the amount for pension liability that should be reported on Sandhill's balance sheet at December 31, 2017? Pension liability balance at December 31, 2017 Click if you would like to Show Work for this question: Open Show Work
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