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ces Exercise 17-13 (Algo) Determining the amortization of net loss or net gain [LO17-6] Hicks Cable Company has a defined benefit pension plan. Three
ces Exercise 17-13 (Algo) 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, 2021, are shown below: Net loss (gain)-AOCI, Jan. 1 2021 loss (gain) on plan assets. 2021 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 ($ in thousands) Case 1 (12) Case 2 321 $ (335) (9) Case 3 $ 259 (24) 17 3 (266) (2,960) (2,560) (1,460) (3,320) (2,680) (1,710) 2,810 2,710 1,560 13 16 11 of active employees (years) 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 2021. 2. For each independent case, determine the net loss-AOCI or net gain-AOCI as of January 1, 2022. 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 2021. (Input all amounts as positive values.) Net gain or loss Less: Corridor amount Case 1 $ ($in thousands) Case 2 Case 3 321 $ 335 $ 259
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