Splish Co. had the following amounts related to its pension plan in 2017. ...
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Accounting
Splish Co. had the following amounts related to its pension plan in 2017.
| Actuarial liability loss for 2017 | $25,800 | ||
| Unexpected asset gain for 2017 | 17,000 | ||
| Accumulated other comprehensive income (G/L) (beginning balance) | 6,500 | Cr. |
Determine for 2017: (a) Splishs other comprehensive income (loss), and (b) comprehensive income. Net income for 2017 is $25,400; no amortization of gain or loss is necessary in 2017. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
| (a) | Other comprehensive income (loss) | $ | ||
| (b) | Comprehensive income (loss) | $ |
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