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Pharoah Inc. has beginning of the year present value for its projected benefit obligation and market related values for its pension plan assets Projected Benefit
Pharoah Inc. has beginning of the year present value for its projected benefit obligation and market related values for its pension plan assets Projected Benefit Obligation Plan Assets Value 2019 5870,000 $783,000 2020 1.087.500 957.000 2021 1.392,000 1.261.500 2022 . 1.827.000 1.740.000 The average remaining service life per employee in 2019 and 2020 is 8 years and in 2021 and 2022 is lurs. The net gain or loss that occurred during each year is as follow 2019.5143 550 Bain 2020.534,800 gain, 2021 $26.100 loss and 2022. 13.050 loss.in working the solution, the gains and losses must be grecated to arrive at year-end balance Using the corridor approach compute the amount of net noe los amortized and changed to pension expedeinch of the years Setting up an appropriate schedule Using the corridor approach, compute the amount of het gain or loss amortized and charged to pension expense in each of the years setting up an appropriate schedule. Year Minimum Amortization of Loss 2019 2020 $ 2021 $ 2022 s
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