AC 313

Exercise 17-13 Determining the amortization of net loss or net gain [LO17-6] Hicks Cable Company has a defined benefit pension plan. Three alternative possibilities for pension-related data at January 1, 2018, are shown below: (S in 000's) Case 1 Case 2 $ Case 3 Net loss (gain )-AOCI, Jan. 1 2018 loss (gain) on plan assets 321 (335) (9) 259 (12) (24) (2,960) (3,320) 2,810 3 2018 loss (gain) on PB0 Accumulated benefit obligation, Jan. 1 Projected benefit obligation, Jan. 1 Fair value of plan assets, Jan. 1 Average remaining service period of active employees (years ) 17 (266) (1,460) (1,710) 1,560 (2,560) (2,680) 2,710 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 2018. 2. For each independent case, determine the net loss-AOCI or net gain-AOCI as of January 1, 2019. Complete this question by entering your answers in the tabs below. 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 2018. 2. For each independent case, determine the net loss-AOCI or net gain-AOCI as of January 1, 2019. Complete this question by entering your answers in the tabs below. Required 1 Required 2 For each independent case, calculate any amortization of the net loss or gain that should be included as a component of pension expense for 2018. (Input all amounts as positive values.) (S in 000's) Case 1 Case 2 Case 3 259 Net gain or loss Less: Corridor amount 321 335 Excess, if any Service period (years) Amortization of gain or loss Retad Required 2>