Solution-Calculate any amortization of the net loss or gain

Calculate any amortization of the net loss or gain

Reference no: EM131805840

Problem - Hicks Cable Company has a defined benefit pension plan. Three alternative possibilities for pension-related data at January 1, 2011, are shown below:

	($ in 0000s)
	Case 1	Case 2	Case 3
Net loss (gain)-AOCI, Jan. 1	$320	$(330)	$260
2011 loss (gain) on plan assets	(11)	(8)	2
2011 loss (gain) on PBO	(23)	16	(265)
Accumulated benefit obligation, Jan. 1	(2,950)	(2,550)	(1,450)
Projected benefit obligation, Jan. 1	(3.310)	(2,670)	(1,700)
Fair value of plan assets, Jan. 1	2,800	2,700	1,550
Average remaining service period of active employees (years)	12	15	10

Required:

(1) For each independent case, calculate any amortization of the net loss or gain that should be included as a component of pension expense for 2011.

(2) For each independent case, determine the net loss-AOCI or net gain-AOCI as of January 1, 2012.

Reference no: EM131805840

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Calculate any amortization of the net loss or gain

Reference no: EM131805840

Reference no: EM131805840

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