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

35.Assume that at the beginning of the current year, a company has a net gainAOCI...

70.2K

Verified Solution

Question

Accounting

35.Assume that at the beginning of the current year, a company has a net gainAOCI of $25,000,000. At the same time, assume the PBO and the plan assets are $200,000,000 and $150,000,000, 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. $500,000.

B. $2,500,000.

C. $1,500,000.

D. $3,000,000.

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

the heartof a fetus begins to beat around which day

Mechanical Engineering
1.2K views

For an ideal vapor-compression heat pump cycle, refrigerant 134a is used to provide 35 kW of...

Biology
1.2K views

What causes dead zones Select all that may apply Disruption of normal oxygen mixing Sudden...

Algebra
1.2K views

A poll showed that 57 1 of Americans say they believe that Marilyn Monroe had...

Accounting
1.2K views

A company received the December telephone bill for $906 and the bill for...

Accounting
1.2K views

You have just been hired as a new management trainee by Earrings Unlimited, a distributor...

Accounting
1.2K views

3.) Danube.com reported the following amounts in its financial statements (in...

Accounting
1.2K views

Ryan Company's common stock has a par value of $1.50 per share. The company issues...

Accounting
1.2K views

Accounting
1.2K views

Please show ALL work 16. GHI Corp has net income of $1,300,000. No preferred...

Accounting
1.2K views

Usually the cost of capital for a company in growth phase is higher than that...

Finance
1.2K views

Returns earned over a given time period are called realized returns. Historical data on realized...