Question
Solex Company has a funded, noncontributory, defined benefit pension plan. On 1-1-2017 there was a change in the PBO of $15,000 as a result of
Solex Company has a funded, noncontributory, defined benefit pension plan. On 1-1-2017 there was a change in the PBO of $15,000 as a result of amending the pension benefit formula to make the benefits more favorable to employees retroactively, i.e., more costly to Solex. The amortization of prior service cost was $4,000 for 2017. The amortization of unrecognized gains was $1,000 for 2017.
What is the Other Comprehensive Income (Loss) for 2017 ?
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Activity Based Cost Management In Government
Authors: Gary Cokins
2nd Edition
1567261817, 978-1567261813
