nformation about the company's projected benefit obligation and market-related (and fair) value of plan assets follows: Projected benefit obligation Fair value of pian assets $2,100,000 $2,340,000 $2,940,000 ,680,000 2,460,000 2,550,000 Required: Based on the above information about Gibbs Company, prepare a schedule which reflects the amount of net gain or loss to be amortized by the company as a component of pension expense for the years 2010 and 2011. The company amortizes net gains or losses using the straight-line method over the average service life of participating employees Circle the correct answer in each of the following ( Show caiculations where needed) 1.January 1, 2011 Abc corporation granted options to purchase 9,000 of its common shares at $7 each (option price). The market price of common stock was $9 per and averaged $9 per share during the quarter then ended. There was no change in the 50 shares of outstanding common stock during the quarter ended March 31, 2011. Net income for the quarter was $8,268. The number of shares to be quarter is a) 50,000 b)52,000 c) 53,000 d) 59,000 share on March 31, 2011 ,000 used in computing diluted EPS for the a. service cost component measured using current salary leveis. b. interest on projected benefit obligation. c. expected return on pian assets. d. All of these are included in the computation. 2.The computation of pension expense includes all the following except