The defined benefit pension plan of Best Value Transport included the following balance at January...
90.2K
Verified Solution
Question
Accounting
The defined benefit pension plan of Best Value Transport included the following balance at January 1, 2021 (S in millions): Projected benefit obligation at January 1, 2021 $840 Plan assets at fair value at January 1, 2021 $750 Prior service cost--AOCI at January 1, 2021 $30 Net gain---AOCI 594 Information regarding the defined-benefit pension plan of Best Value Transport included the following for 2021 ($ in millions): Service cost $50 Interest cost $12 S18 Gain from change in actuarial estimates in PBO Retiree benefits paid (end of year) $60 $25 $27 $80 Actual return on plan assets Expected return on plan assets Employer's cash contribution (end of year) Amortization of prior seryice costs...AOCI Amortization of net gain-AOCI S3 $1 What is the balance of net gain---AOCI at December 31, 2021? De not add dollar sign: do not add comma by yourself to your amount; round the answer to the whole number, enter your answer in millions)
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.