Question
Kingbird Corporation had a projected benefit obligation of $1,190,000 and plan assets of $1,102,000 at January 1, 2017. Kingbird also had a net actuarial gain
Kingbird Corporation had a projected benefit obligation of $1,190,000 and plan assets of $1,102,000 at January 1, 2017. Kingbird also had a net actuarial gain of $193,800 in accumulated OCI at January 1, 2017. The average remaining service period of Kingbird employees is 6.8 years. Compute Kingbirds minimum amortization of the actuarial loss.
Minimum Amortization
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Auditing & Assurance Services
Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau
8th Edition
978-1260703733, 1260703738
