Question
Lesbo Corporation had a projected benefit obligation of $5,200,000 and plan assets of $5,300,000 at January 1, 2019. Lesotho also had a net actuarial loss
Lesbo Corporation had a projected benefit obligation of $5,200,000 and plan assets of $5,300,000 at January 1, 2019. Lesotho also had a net actuarial loss of $610,150 in accumulated OCI at January 1, 2019. The average remaining service period of Lesothos employees is 8.5 years. Compute Lesothos minimum amortization of the actuarial loss.
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Clyde P. Stickney, Roman L. Weil
10th Edition
0324183518, 978-0324183511
