Question
Teresa Company had the following information related to its pension plan Beginning of 2018 2019 2020 Projected benefit obligation $6,000 $7,990 $9,200 Plan assets
Teresa Company had the following information related to its pension plan Beginning of 2018 2019 2020 Projected benefit obligation $6,000 $7,990 $9,200 Plan assets 8,400 10,300 8,800 Net loss reported by actuary 1,990 For simplicity, an average remaining service life of 3 years is always used. An additional net loss of $1,990 was reported as of January 1, 2019 (see table). This amount has been included in the January 1, 2019, projected benefit obligation balance. Required: Compute the amount of loss that should be included in pension expense in a. 2019 d b. 2020 s
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