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Andrews Medical reported a net lossAOCI in last years balance sheet. This year, the company revised its estimate of future salary levels causing its PBO
Andrews Medical reported a net lossAOCI in last years balance sheet. This year, the company revised its estimate of future salary levels causing its PBO estimate to decline by $7 million. Also, the $13 million actual return on plan assets fell short of the $16 million expected return.
How does this gain and loss affect Andrews income statement, statement of comprehensive income, and balance sheet?
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