Exercise 11-13 (Algo) Vetermining the amortization of net loss or net gain (L017-6) 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. 2021 loss (gain) on plan assets 2021 loss (gain) on PRO 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) Is in thousands Case 1 Case 2 Case 3 $ 326 $ (341) $ 266 (17) (14) 6 (29) 22 (278) (3.010) (2.610) (1,510) (3,370) (2,730) (1,760) 2,860 2,760 1,610 11 13 ces 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.) (5 in thousands) Case 1 Case 2 $ 326 $ 341 Case 3 $ 266 Net gain or loss Less: Corridor amount Excess any Service period (years) Amortization of gain or loss $ 326 $ 341 $ 266 0 0 0 Required 2 > yum (LON-DJ 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 PBO 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) Sin thousands Case 1 Case 2 Case 3 $ 326 $ (341) $ 266 (17) (14) 6 (29) 22 (278) (3,010) (2,610) (1,510) (3,370) (2,730) (1,760) 2,860 2,760 1,610 11 13 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 Required2 For each independent case, determine the net loss-AOCI or net gain-AOCI as of January 1, 2022. (Amounts to be deducted and loss amounts should be indicated by a minus sign.) Case 1 $ 326 ($ in thousands) Case 2 $ (341) Case 3 $ 266 January 1, 2021 net loss (gain) Loss (gain) on plan assets Amortization Loss (gain) on PBO January 1, 2022 net loss or (gain) - AOCI $ 326 $ (341) $ 266
