Question
The following information for Pharoah Enterprises is given below: December 31, 2018 Assets and obligations Plan assets (at fair value)$696000Accumulated benefit obligation1210000 Projected benefit obligation1300000
The following information for Pharoah Enterprises is given below:
December 31, 2018
Assets and obligationsPlan assets (at fair value)$696000Accumulated benefit obligation1210000
Projected benefit obligation1300000
Other ItemsPension asset / liability, January 1, 2018
34000
Contributions400000
Other comprehensive loss in 2018603700
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:
$0
$78600
$47370
$60370
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Data Analytics for Accounting
Authors: Vernon Richardson
1st edition
1260375196, 9781260375183 , 978-1260375190
