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Pension calculations. Montoya Company has available the following information about its defined- benefit pension plan for the year ending December 31, 2021 Service cost for
Pension calculations. Montoya Company has available the following information about its defined- benefit pension plan for the year ending December 31, 2021 Service cost for 2021 $ 45,000 Accumulated benefit obligation Plan assets at fair value Accumulated OCI (PSC) Vested benefit obligation Market-related asset value 683,000 630,000 300,000 505,000 725,000 865,000 90,000 Projected benefit obligation Accumulated OCI net gain Interest on projected benefit obligation 64.000 Instructions a. Calculate the pension asset liability to be recorded at December 31, 2021. b. Calculate the 2021 amortization of the net gain. The average remaining service life of employees is 10 years. Pension calculations. Montoya Company has available the following information about its definedbenefit pension plan for the vear endina December 31.2021 . Instructions a. Calculate the pension asset/liability to be recorded at December 31 , 2021. b. Calculate the 2021 amortization of the net gain. The average remaining service life of employees is 10 years
Pension calculations. Montoya Company has available the following information about its defined- benefit pension plan for the year ending December 31, 2021 Service cost for 2021 $ 45,000 Accumulated benefit obligation Plan assets at fair value Accumulated OCI (PSC) Vested benefit obligation Market-related asset value 683,000 630,000 300,000 505,000 725,000 865,000 90,000 Projected benefit obligation Accumulated OCI net gain Interest on projected benefit obligation 64.000 Instructions a. Calculate the pension asset liability to be recorded at December 31, 2021. b. Calculate the 2021 amortization of the net gain. The average remaining service life of employees is 10 years.
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