i have the answer i dont need it anymore Determine the pension...

70.2K

Verified Solution

Question

Accounting

image
i have the answer i dont need it anymore image
Determine the pension asset/laby al Decemb J, LULU. 3.100.000 and plan assets of in accumulated OCI at BE20.7 (LO 4) Shin Corporation had a projected benefit obligation of $3,100,000 and plan $3,300,000 at January 1, 2020. Shin also had a net actuarial loss of $465,000 in accumulated January 1, 2020. The average remaining service period of Shin's employees is 7.5 years. Com minimum amortization of the actuarial loss. 0 0 BE20.7 How did we created the OCIS? Difference between what the plan assets Actually vs. the expected return Multiply by 10% Amount Corridor 1"$3,300,000 Excess Divide 465000 330000 135000 10 7.5 11 18000 pension x 18000 OCI loss 18000

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