Question
The following information relates to the defined benefit pension plan for the employees of a company: 1/1/20 12/31/20 Projected benefit obligation $5370 $8430 Fair value
The following information relates to the defined benefit pension plan for the employees of a company: 1/1/20 12/31/20 Projected benefit obligation $5370 $8430 Fair value of plan assets 6390 7630 Accumulated OCI--net gain or loss 879Cr. 900Cr. Settlement rate (for the year) 10% Expected rate of return (for the year) 5% The company estimates that the average remaining service life is 20 years. The company's contribution was $720 in 2020 and benefits paid were $520. The amount of accumulated OCI amortized in 2020 is . (Please do not round your answer. The answer is either an integer or a terminating decimal. Write down the amount you got without rounding.)
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