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Hi there, I cannot figure out how to calculate other comprehensive income and comprehensive income and AOCI. *Exercise 20-9 Riverbed Enterprises provides the following information
Hi there, I cannot figure out how to calculate other comprehensive income and comprehensive income and AOCI.
*Exercise 20-9 Riverbed Enterprises provides the following information relative to its defined benefit pension plan Balances or Values at December 31, 2017 Projected benefit obligation Accumulated benefit obligation Fair value of plan assets Accumulated OCI (PSC) Accumulated OCI-Net loss (1/1/17 balance, 0) Pension liability Other pension plan data for 2017: $2,722,100 1,992,400 2,258,300 208,100 45,600 463,800 Service cost Prior service cost amortization Actual return on plan assets Expected return on plan assets Interest on January 1, 2017, projected benefit obligation Contributions to plan Benefits paid $94,600 42,300 130,500 176,100 251,600 92,600 141,400 Your answer is correct Prepare the note disclosing the components of pension expense for the year 2017. (Enter amounts that reduce pension expense with either a negative sign preceding the number e.g.-45 or parenthesis e.g. (45).) Components of Pension Expene $94600 51600 2300 (176,100) 12400 ervice Cos Interest Cos rior Service Cost Amortization Expected Return on Plan Asset ension Expens X Your answer is incorrect. Try again. Determine the amounts of other comprehensive income and comprehensive income for 2017. Net income for 2017 is $34,900. (Enter loss using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Other comprehensive income (loss) .1142300 Comprehensive income (loss) 3300 Your answer is incorrect. Try again. Compute the amount of accumulated other comprehensive income reported at December 31, 2017. (Enter loss using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45) Accumulated other comprehensive income (loss) 31600 Question Attempts: 2 of 5 used
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