The following information pertains to Havana Corporation's defined benefit pension plan: ($ in thousands) 2021 Beginning balances 2022 Beginning balances Projected benefit obligation $ (6,700 ) $...


The following information pertains to Havana Corporation's defined benefit pension plan:




























































($ in thousands)2021
Beginning balances
2022
Beginning balances
Projected benefit obligation$(6,700)$(7,204)
Plan assets6,4007,036
Prior service cost–AOCI670640
Net loss–AOCI$790$850



At the end of 2021, Havana contributed $730 thousand to the pension fund and benefit payments of $664 thousand were made to retirees. The expected rate of return on plan assets was 10%, and the actuary's discount rate is 8%. There were no changes in actuarial estimates and assumptions regarding the PBO.


What is Havana’s 2021 gain or loss on plan assets?



Jun 01, 2022
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