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The following information pertains to Havana Corporation's defined benefit pension plan: ($ in thousands) 2021 Beginning balances 2022 Beginning balances Projected benefit obligation $ (7,200
The following information pertains to Havana Corporation's defined benefit pension plan:
($ in thousands) | 2021 Beginning balances | 2022 Beginning balances | ||||||
Projected benefit obligation | $ | (7,200 | ) | $ | (7,704 | ) | ||
Plan assets | 6,900 | 7,536 | ||||||
Prior service costAOCI | 720 | 640 | ||||||
Net lossAOCI | $ | 840 | $ | 880 | ||||
At the end of 2021, Havana contributed $720 thousand to the pension fund and benefit payments of $714 thousand were made to retirees. The expected rate of return on plan assets was 10%, and the actuary's discount rate is 7%. There were no changes in actuarial estimates and assumptions regarding the PBO. What is Havanas 2021 gain or loss on plan assets?
Multiple Choice
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$320.0 thousand.
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$207.0 thousand.
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None of these are correct.
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$113.0 thousand.
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