Question
The following information relates to the defined-benefit pension plan for the employees of a company: 1/1/21 12/31/21 Fair value of plan assets $233,000 $363,000 Projected
The following information relates to the defined-benefit pension plan for the employees of a company: 1/1/21 12/31/21 Fair value of plan assets $233,000 $363,000 Projected benefit obligation 205,000 418,000 Accumulated benefit obligation 183,000 387,000 Accumulated OCI Gain/Loss 123,980Dr 231,310Dr The company estimates that the average remaining service life is 25 years. The companys contribution was $109,000 in 2021 and benefits paid were $29,000. Settlement rate for 2021 is 7% and expected rate of return is 13%. The amount of accumulated OCI-Gain/Loss amortized in 2021 is $_________. (If there should be no corridor amortization, then enter 0.)
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