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Assume that at the beginning of the current year, Hankins Company has a net gainAOCI of $60,800,000. At the same time, assume the PBO and

Assume that at the beginning of the current year, Hankins Company has a net gainAOCI of $60,800,000. At the same time, assume the PBO and the plan assets are $303,000,000 and $455,400,000, respectively. The average remaining service period for the employees expected to receive benefits is 10 years. What is the amount of amortization to pension expense for the year?

Multiple Choice

  • $1,526,000.

  • $6,080,000.

  • $1,522,000.

  • $15,240,000.

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