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Information for the Crane Company pension plan in 2026 is as follows: Service...

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Accounting

Information for the Crane Company pension plan in 2026 is as follows:
Service cost is $89000
Settlement rate is 10%, expected rate of return is 10%
Actual return on plan assets is $390000
There are no prior service costs to amortize
Annual funding contribution is $114000
Benefits paid to retirees during the year are $94000
Average service life of all covered employees is 15 years
The projected benefit obligation on January 1,2026 was $1340000
The value of plan assets on January 1,2026 was $1140000
The balance in Other Comprehensive Income-Gains/Losses is a $375000 credit on December 31,2025.
What is the unexpected gain or loss for 2026?
$40000 unexpected loss
$40000 unexpected gain
$276000 unexpected loss
$276000 unexpected gain
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