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Kieso, Intermediate Accounting, 16e Gibbs Company has 300 employees who are expected to receive benefits under the employees is 3,000. The actuary for the company's
Kieso, Intermediate Accounting, 16e Gibbs Company has 300 employees who are expected to receive benefits under the employees is 3,000. The actuary for the company's pension plan. The total number of service-years of these pension plan calculated the following net gains and losses: 2017 2018 2019 $740,000 (654,000) 1,090,000 Prior to 2017, there was no unrecognized net gain or loss. Information about the company's projected benefit obligation and (and fair) value of plan assets follows As of January 1 2018 2017 2019 Fair value of plan assets 1,780,000 2,560,000 2,650,000o about Gibbs Company, prepare a schedule which the amount of net gain or loss to be amortized by the company as a component of pension expense for the years 2017, 2018, and 2019. The company amortizes net gains or losses using the straight-line method over the average service life of Beginning of Year Projected Benefit Obligation Plan Accumulated Corridor ocI (Gain/Loss) Amortization 2017 2018 2019
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