Amount of aoci-net loss amortized, Accounting Basics

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Amount of aoci-net loss amortized

On January 1, 2011, Newling Co. has the following balances:

Projected benefit obligation $2,100,000
Fair value of plan assets 1,800,000

The settlement rate is 10% other data related to the pension plan for 2011 are:

Service cost $180,000
Amortization of prior service cost 60,000
due to increase in benefits
Contributions 300,000
Benefits paid 105,000
Actual return on plan assets 237,000
Amoritzation of net gain 18,000

The corridor for 2011 was $900,000. The amount of AOCI-net loss amortized in 2011 was?

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Accounting Basics: Amount of aoci-net loss amortized

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Accounting Basics: Amount of aoci-net loss amortized

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Accounting Basics: Amount of aoci-net loss amortized

Reference No:- TGS054538

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