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how do I do these two? The actuary for the pension plan of Cullumber Inc. calculated the following net gains and losses. Incurred during the
how do I do these two?
The actuary for the pension plan of Cullumber Inc. calculated the following net gains and losses. Incurred during the Year (Gain) or Loss 2020 $ 298,800 2021 477.100 2022 (212.100) 2023 (290,600) Other information about the company's pension obligation and plan assets is as follows. Projected Benent Obligation Plan Assets (market-related asset value) As of January 1, 2020 54.022.200 52.387.300 2021 4.546.100 2.182.400 2022 4.992.800 2.586.500 2023 4.242.100 3.059.700 Cullumber inc. has a stable labor force of 400 employees who are expected to receive benents under the plan. The total service-vears for all participating employees is 4800. The beginning balance of accumulated OCI (G/L) is zero on January 1, 2020. The market- related value and the fair value of plan assets are the same for the 4-year period. Use the average remaining service life per employee as the basis for amortization. Compute the minimum amount of accumulated OCI (GL) amortized as a component of net periodic pension expense for each of the Years 2020.2021.2022 and 2023. Apply the corridor approach in determining the amount to be amortized each year. (Round answers to decimal places, eg. 2,500.) Cullumber Inc. has a stable labor force of 400 employees who are expected to receive benefits under the plan. The total service-years for all participating employees is 4.800. The beginning balance of accumulated OCI (G/L) is zero on January 1, 2020. The market- related value and the fair value of plan assets are the same for the 4-year period. Use the average remaining service life per employee as the basis for amortization. Compute the minimum amount of accumulated OCI (G/L) amortized as a component of net periodic pension expense for each of the years 2020, 2021 2022 and 2023. Apply the corridor" approach in determining the amount to be amortized each year. (Round answers to O decimal places, eg. 2,500.) Year Minimum Amortization of Gain) Loss 2020 5 0 2021 S O 2022 5 2023
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