Question
Sheridan Corporation had a projected benefit obligation of $1,160,000 and plan assets of $1,086,000 at January 1, 2017. Sheridan also had a net actuarial gain
Sheridan Corporation had a projected benefit obligation of $1,160,000 and plan assets of $1,086,000 at January 1, 2017. Sheridan also had a net actuarial gain of $225,200 in accumulated OCI at January 1, 2017. The average remaining service period of Sheridan employees is 7.8 years. Compute Sheridans minimum amortization of the actuarial loss.
| Minimum Amortization |
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Management Audits
Authors: Allan J. Sayle
3rd Edition
0951173901, 978-0951173909
