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Hicks Cable Company has a defined benefit pension plan. Three alternative possibilities for pension-related data...

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Accounting

Hicks Cable Company has a defined benefit pension plan. Three alternative possibilities for pension-related data at January 1,2024, are shown below:
($ in thousands)
Case 1 Case 2 Case 3
Net loss (gain)AOCI, January 1 $ 340 $ (410)281
2024 loss (gain) on plan assets (31)(28)6
2024 loss (gain) on PBO (43)36(290)
Accumulated benefit obligation, January 1(3,150)(2,750)(1,650)
Projected benefit obligation, January 1(3,510)(2,870)(1,900)
Fair value of plan assets, January 13,0002,9001,750
Average remaining service period of active employees (years)10127
Required:
For each independent case, calculate any amortization of the net loss or gain that should be included as a component of pension expense for 2024.
For each independent case, determine the net lossAOCI or net gainAOCI as of January 1,2025.

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