Question
The following data are for the pension plan for the employees of Jackie Company. 12/31/18 Accumulated benefit obligation Projected benefit obligation Plan assets (at fair
The following data are for the pension plan for the employees of Jackie Company. 12/31/18 Accumulated benefit obligation Projected benefit obligation Plan assets (at fair value) AOCL - net loss Settlement rate (for year) Expected rate of return (for year) 1/1/17 $5,000,000 12/31/17 $5,200,000 $6,800,000 5,400,000 6,200,000 7,600,000 4,600,000 6,400,000 6,900,000 -0- 880,000 1,100,000 10% 9% 8% 7% Jackie's contribution was $840,000 in 2018 and benefits paid were $750,000. Jackie estimates that the average remaining service life is 12 years. The corridor for 2018 was $640,000. The amount of AOCI-net loss amortized in 2018 was $18,000. a. b. $20,000. $24,333. c. Od. $16,000
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