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Sarasota Company sponsors a defined benefit pension plan for its 600 employees. The company's actuary provided the following information about the plan. The average remaining
Sarasota Company sponsors a defined benefit pension plan for its 600 employees. The company's actuary provided the following information about the plan. The average remaining service life per employee is 10.5 years. The service cost component of net periodic pension expense for employee services rendered amounted to $404,000 in 2017 and $474,000 in 2018. The accumulated OCI (PSC) on January 1, 2017, was $1,354,500. No benefits have been paid. Compute the amount of accumulated OCI (PSC) to be amortized as a component of net periodic pension expense for each of the years 2017 and 2018. Amount of accumulated OCI (PSC) to be amortized for the year 2017 $ 129000 Amount of accumulated OCI (PSC) to be amortized for the year 2018 129000 Prepare a schedule which reflects the amount of accumulated OCI (G/L) to be amortized as a component of pension expense for 2017 and 2018
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