The following information relates to the defined benefit pension plan for the employees of a company: 1/1/20 12/31/20 12/31/21 Projected benefit obligation $216,000 $303,000 $416,000 Accumulated...


The following information relates to the defined benefit pension plan for the employees of a company:<br>1/1/20<br>12/31/20<br>12/31/21<br>Projected benefit obligation<br>$216,000<br>$303,000<br>$416,000<br>Accumulated benefit obligation<br>191,000<br>289,000<br>379,000<br>Fair value of plan assets<br>150,000<br>262,000<br>439,000<br>Accumulated OCI--gains<br>-0-<br>67,000<br>169,000<br>The company estimates that the average remaining service life is 40 years. The company's contribution was $112,000 in 2021 and benefits paid were $30,000.<br>The amount of accumulated OCI-gains amortized in 2021 is $<br>answer. Note: a year's beginning is the previous year's ending.)<br>(If there should be no corridor amortization, then enter 0. If your answer is a decimal, there is no need to round your<br>

Extracted text: The following information relates to the defined benefit pension plan for the employees of a company: 1/1/20 12/31/20 12/31/21 Projected benefit obligation $216,000 $303,000 $416,000 Accumulated benefit obligation 191,000 289,000 379,000 Fair value of plan assets 150,000 262,000 439,000 Accumulated OCI--gains -0- 67,000 169,000 The company estimates that the average remaining service life is 40 years. The company's contribution was $112,000 in 2021 and benefits paid were $30,000. The amount of accumulated OCI-gains amortized in 2021 is $ answer. Note: a year's beginning is the previous year's ending.) (If there should be no corridor amortization, then enter 0. If your answer is a decimal, there is no need to round your

Jun 09, 2022
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