{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Problem 4 - 865,000 Accumulated OCI net gain 90,000...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Problem 4 Montoya Company has available the following information about its defined-benefit pension plan for the year ending December 31, 2011: Service cost for 2011 $ 25,000 Accumulated benefit obligation 683,000 Plan assets at fair value 630,000 Accumulated OCI (PSC) 300,000 Vested benefit obligation 505,000 Market-related asset value 725,000 Projected benefit obligation
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 865,000 Accumulated OCI net gain 90,000 Interest on projected benefit obligation 64,000 Instructions (a) Calculate the pension asset / liability to be recorded at December 31, 2011. (b) Calculate the 2012 amortization of the net gain. The average remaining service life of employees is 10 years....
View Full Document

{[ snackBarMessage ]}