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Hicks Cable Company has a defined benefit pension plan. Three alternative possibilities for pension-related data at January 1, 2018, are shown below: $ in 000's
Hicks Cable Company has a defined benefit pension plan. Three alternative possibilities for pension-related data at January 1, 2018, are shown below: $ in 000's Case 2 Case 3 $ 337 $(407) 297 Case 1 Net loss (gain)-AOCI, Jan. 1 2018 loss (gain) on plan assets 2018 loss (gain) on PBO Accumulated benefit obligation, Jan. 1 Projected benefit obligation, Jan. 1 Fair value of plan assets, Jan. 1 Average remaining service period of active employees (years) (28) (40) (25) (301) (3,120) (2,720)(1,620) (3,480) (2,840) (1,870) 2,870 2,970 1,720 12 15 10 Required: 1. For each independent case, calculate any amortization of the net loss or gain that should be included as a component of pensior expense for 2018 2. For each independent case, determine the net loss-AOCI or net gain-AOCI as of January 1, 2019 Complete this question by entering your answers in the tabs below 1. For each independent case, calculate any amortization of the net loss or gain that should be included as a component of pension expense for 2018 2. For each independent case, determine the net loss-AOCI or net gain-AOCI as of January 1, 2019 Complete this question by entering your answers in the tabs below. Required 1 Required 2 For each independent case, calculate any amortization of the net loss or gain that should be included as a component of pension expense for 2018. (Input all amounts as positive values.) ($ in 000's) Case 1 Case 2 Case 3 337S 407S Net gain or loss Less: Corridor amount 297 07$ Excess, if any Service period (years) 337$ 297 Amortization of gain or loss 0 0
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