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The projected benefit obligation and plan assets were $200 million and $280 million, respectively, at the beginning of the year. Due primarily to favorable stock
The projected benefit obligation and plan assets were $200 million and $280 million, respectively, at the beginning of the year. Due primarily to favorable stock market performance in recent years, there also was a net gain of $74 million. On average, employees' remaining service life with the company is 10 years. As a result of the net gain, what was the increase or decrease in pension expense for the year? (Amounts to be deducted should be indicated with a minus sign.) ($ in millions) Net gain 74 Corridor amount 28 X Excess, if any 102 Service period (years) 10 Amortization of net gain decreases pension expense by $ 10.20 Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted. The projected benefit obligation and plan assets were $200 million and $280 million, respectively, at the beginning of the year. Due primarily to favorable stock market performance in recent years, there also was a net gain of $74 million. On average, employees' remaining service life with the company is 10 years. As a result of the net gain, what was the increase or decrease in pension expense for the year? (Amounts to be deducted should be indicated with a minus sign.) ($ in millions) Net gain 74 Corridor amount 28 X Excess, if any 102 Service period (years) 10 Amortization of net gain decreases pension expense by $ 10.20 Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted
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