Question
The following information for Oriole Enterprises is given below: December 31, 2018 Assets and obligations Plan assets (at fair value)$384000 Accumulated benefit obligation885000 Projected benefit
The following information for Oriole Enterprises is given below:
December 31, 2018
Assets and obligations
Plan assets (at fair value)$384000
Accumulated benefit obligation885000
Projected benefit obligation975000
Other Items
Pension asset / liability, January 1, 201821000
Contributions270000
Other comprehensive loss in 2018278700
There were no actuarial gains or losses at January 1, 2018. The average remaining service life of employees is 10 years.
The amortization of Other Comprehensive Loss for 2019 is:
$18120
$0
$27870
$47400
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International Accounting
Authors: Timothy Doupnik, Hector Perera
3rd Edition
978-0078110955, 0078110955
