Question: (Disclosures: Pension Expense and Other Comprehensive Income) Taveras Enterprises provides the following information relative to its defined benefit pension plan
Instructions: (a) Prepare the note disclosing the components of pension expense for the year 2014.
(b) Determine the amounts of other comprehensive income and comprehensive income for 2014. Net income for 2014 is $35,000.
(c) Compute the amount of accumulated other comprehensive income reported at December 31, 2014.