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The following information relates to the pension plan for the employees of Carla Vista Co.: 1/1/17 12/31/17 12/31/18 Accum. benefit obligation $ 9,940,000 $ 10,360,000
The following information relates to the pension plan for the employees of Carla Vista Co.:
1/1/17 | 12/31/17 | 12/31/18 | ||||||||||
Accum. benefit obligation | $ | 9,940,000 | $ | 10,360,000 | $ | 13,300,000 | ||||||
Projected benefit obligation | 10,465,000 | 11,158,000 | 14,707,000 | |||||||||
Fair value of plan assets | 9,625,000 | 11,620,000 | 12,754,000 | |||||||||
AOCI net (gain) or loss | -0- | (1,652,000 | ) | (1,750,000 | ) | |||||||
Settlement rate (for year) | 9% | 9% | ||||||||||
Expected rate of return (for year) | 9% | 8% |
Carla Vista estimates that the average remaining service life is 16 years. Carla Vista's contribution was $1,393,000 in 2018 and benefits paid were $1,057,000. The amount of AOCI (net gain) amortized in 2018 is
A. | $44,013. |
B. | $26,648. |
C. | $20,523. |
D. | $30,625. |
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