Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 31 assume that at the beginning of the current yea

31 Assume that at the beginning of the current year, Hankins company has a net...

50.1K

Verified Solution

Question

Accounting

31 Assume that at the beginning of the current year, Hankins company has a net gainAOCI of $60,000,000. At the same time, assume the PBO and the plan assets are $300,000,000 and $450,000,000, respectively. The average remaining service period for the employees expected to receive benefits is 10 years. What is the amount of amortization to pension expense for the year?

A. $6,000,000. B. $15,000,000. C. $1,500,000. D. $7,500,000.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A circuit has a 2.9 V battery connected in series with a switch. When the switch...

Electrical Engineering
Q

1 Suppose that an investor with a five year investment horizon is considering purchasing a...

Basic Math
Q

A sociologist wants to investigate the question Is there a relationship between texting during class...

Basic Math
Q

Problem 4 10 Points Words Words Words part 1 5 points each You boss decides...

Basic Math
Q

Use the graph to estimate the total number of doctoral degrees awarded to women from...

Accounting
Q

The cost of goods sold for Brian's Bodacious Bike Shop in 2009 was $45,000, its...

Accounting
Q

Cambridge, Inc., is considering the Introduction of a new calculator with the following price and...

Accounting
Q

On 1 July 20X1, Parent Ltd acquired 100% of the share capital of Subsidiary Ltd...

Accounting
Q

At the beginning of September, Helen Rojas started Rojas Wealth Management Consulting, a firm that...

Accounting
Q

Question 8 1 pts The payoff of a unit of Share A has mean 4...

Finance
Q

A 10-years Treasury bond paying a 5% coupon annually is priced at USD 85.95. What...

Finance
Q

Maloney, Inc., has an odd dividend policy. The company has just paid a dividend of...

Finance