Net Gain or Loss Hudson Company's actuary has provided the following information concerning the company's defined benefit pension plan at the end of 2016: Fair value of plan assets (1/1/2016) $350,000 Actual projected benefit obligation (1/1/2016) 360,000 Expected projected benefit obligation (1/1/2016) 424,000 Average remaining service life of employees 10 years The difference between the actual and expected projected benefit obligation first occurred in 2015.
Required:
a. Compute the amount of the gain or loss for Hudson's pension plan at the beginning of 2016. Assuming that Hudson uses the corridor approach.
b. Compute the amount of the net gain or loss to include in Hudson's pension expense for 2016.
Solved
Show answers
More tips
- S Society and Politics Understanding Politics and Its Role in the Development of Civilization...
- H Health and Medicine Everything You Wanted to Know About Male Circumcision: Its Goals and Effects...
- L Leisure and Entertainment Couchsurfing: A New Way to Travel...
- G Goods and services Which TV is better - LCD or Plasma?...
- S Sport How to Learn to Pull Up on Monkey Bars?...
- L Leisure and Entertainment Scrapbooking: What is it and Why is it Becoming More Popular?...
- C Computers and Internet Where did torrents.ru move to?...
- B Business and Finance Understanding Cash Flow: What It Is and How It Works...
- C Computers and Internet What Are Peers and Seeds in Torrenting?...
- H Health and Medicine 10 Simple Techniques on How to Boost Your Mood...
Answers on questions: Business
- B Business Tulip Corporation purchased equipment for $58,000 on January 1, 2017. On December 31, 2019, the equipment was sold for $24,000. Accumulated Depreciation as of December 31,...
- M Mathematics How much more did Low Pricer sell than Leff Store made?...
- M Mathematics 2/5x+1/4x=26 what is x...
- G Geography Ok guys whats the answer SMASH OR PASS (I KNOW UR ANSWER DONT WORRY U CAN HURT MY FEELINGS LMA0)...
- M Mathematics Aplane intersects a pris paralel to the base of the prism. the cross section is a polygon wth eight sides. how many sides does the base of the prism have? a. 10 b. 8 c. 7...
Ответ:
The answer is D) 58196
Explanation:
Her monthly gross pay is 4370. This needs to be multiplied by 12. Then we add the leave pay of 3520, the health insurance of 2150 and life insurance of 86. All of these amounts form part of her total job benefits. Thus the answer is D