Measuring and recording pension expense. Kessler, Inc. received the following information from its pension plan...
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Accounting
Measuring and recording pension expense.
Kessler, Inc. received the following information from its pension plan trustee concerning the operation of the company's defined-benefit pension plan for the year ended December 31, 2015:
January 1, 2015 December 31, 2015
Projected benefit obligation $2,500,000 $2,850,000
Fair value of plan assets 1,250,000 1,600,000
Accumulated benefit obligation 1,930,000 2,620,000
Accumulated OCI
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