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On January 1, 2021, a company has the following balance: Accumulated OCI Net Loss $8,500 Other data related to the pension plan for 2021 are:
On January 1, 2021, a company has the following balance:
Accumulated OCI Net Loss $8,500
Other data related to the pension plan for 2021 are:
Pension expense $904
Actual return on plan assets 360
Increase in projected benefit
obligation due to changes in
actuarial assumptions 80
Amortization of OCI Net Loss 122
Benefits paid 272
Contributions 522
Unexpected gain related to plan asset returns 204
The Accumulated OCI Net Loss at December 31, 2021 is: ________________. Very important: Do not put a minus sign in front of the amount.
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