Problem: The following information for Oriole Enterprises is given below:
December 31, 2018
Assets and obligations
Plan assets (at fair value) $384000
Accumulated benefit obligation 885000
Projected benefit obligation 975000
Other Items
Pension asset / liability, January 1, 2018 21000
Contributions 270000
Other comprehensive loss in 2018 278700
There were no actuarial gains or losses at January 1, 2018. The average remaining service life of employees is 10 years.
Required: Find the amortization of Other Comprehensive Loss for 2019?
A. $18120
B. $0
C. $27870
D. $47400
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