E20-16 - E20-16 Your answer is correct(Amortization of...

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E20-16 Your answer is correct. (Amortization of Accumulated OCI (G/L), Corridor Approach, Pension Expense Computation) The actuary for the pension plan of Gustafson Inc. calculated the following net gains and losses. Incurred during the year 2012 2013 2014 2015 Other information about the company's pension obligation and plan assets is as follows. Projected As of January 1 Obligation 2012 2013 2014 2015 Gustafson Inc. has a stable labor force of 400 employees who are expected to receive benefits under the plan. The total service- years for all participating employees is 5,600. The beginning balance of accumulated OCI (G/L) is zero on January 1, 2012. The market-related value and the fair value of plan assets are the same for the 4-year period. Use the average remaining service life per employee as the basis for amortization.
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Prepare a schedule which reflects the minimum amount of accumulated OCI (G/L) amortized as a component of net periodic pension expense for each of the years 2012, 2013,
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This note was uploaded on 03/25/2012 for the course ACC 102 taught by Professor Benz during the Spring '12 term at CUNY Baruch.

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E20-16 - E20-16 Your answer is correct(Amortization of...

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