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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: $ Net loss
Hicks Cable Company has a defined benefit pension plan. Three alternative possibilities for pension-related data at January 1, 2018, are shown below: $ 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) ($ in 000's) Case 1 Case 2 Case 3 339 $ (417) $ 289 (30) (27) 4 (42) 35 (298) (3,140) (2,740) (1,640) (3,500) (2,860) (1,890) 2,990 2,890 1,740 14 16 10 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. 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 2 $ 417 Case 1 $ 339 Case 3 $ 289 Net gain or loss Less: Corridor amount Excess, if any Service period (years) Amortization of gain or loss 339 $ 417 289 0 0 0 Required 1 Required 2 > For each independent case, determine the net loss-AOCI or net gain-AOCI as of January 1, 2019. and losses amounts should be indicated by a minus sign.) ($ in 000's) Case 1 Case 2 Case 3 January 1, 2018 net loss (gain) $ 339 $ (417) $ 289 Loss (gain) on plan assets Amortization Loss (gain) on PBO January 1, 2019 net loss or (gain) - AOCI $ 339.0 $ (417.0) $ 289.0
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