Question
The following information pertains to ABC Corporation's defined benefit pension plan: What is ABCs 2019 gain or loss on plan assets? Can someone help explain
The following information pertains to ABC Corporation's defined benefit pension plan:
What is ABCs 2019 gain or loss on plan assets?
Can someone help explain how to get to the answer?
| ($ in thousands) | 2019 |
| 2020 |
| ||||||||
|
| Beginning balance |
| Beginning balance |
| ||||||||
| Projected benefit obligation | $ | (6,000 | ) |
| $ | (6,504 | ) |
|
| |||
| Plan assets |
| 5,760 |
|
|
| 6,336 |
|
|
| |||
| Prior service costAOCI |
| 600 |
|
|
| 552 |
|
|
| |||
| Net lossAOCI |
| 720 |
|
|
| 786 |
|
|
| |||
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Advanced Financial Accounting
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
10th edition
78025621, 978-0078025624
