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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 Case
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 1 Case 3 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) $ 325 (345) $265 (13) 21 (16) (28) (270) (3,000) (2,600) (1,500) (3,360) (2,720) (1,750) 2,750 2,850 1,600 12 14 10 Required: 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 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 2018. (Input all amounts as positive values.) $in 000's) Case 2 Case 1 Case 3 325 Net gain or loss Less: Corridor amount 3455265 Excess, if any Service period (years) Amortization of gain or loss Required next
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