Amount of amortization to pension expense for the year


Question: Assume that at the beginning of the current year, a company has a net gain-AOCI of $60,700,000. At the same time, assume the PBO and the plan assets are $303,000,000 and $451,300,000, respectively. The average remaining servce period for the employees expected to receive benefits is 10 years. What is the amount of amortization to pension expense for the year?

$14,830,000.

$1,557,000.

$1,554,000.

$6,070,000.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Amount of amortization to pension expense for the year
Reference No:- TGS047126

Expected delivery within 24 Hours