Computing ending balance of aoci-net actuarial loss

Reference no: EM131791814

Question: At January 1, 2014, Archer Co.'s PBO is $500,000 and the fair value of its pension plan assets is $630,000. The average remaining service period of Archer's employees is 12 years. The AOCI-net actuarial loss (gain) at January 1, 2014, is $(70,000). The following additional information is available related to Archer's actuarial gains and losses:

	2014	2015	2016
New actuarial loss (gain) on PBO	$(30,000)	$65,000	$(63,000)
New deferred loss (gain) on plan assets	60,000	55,000	(32,000)
PBO at 12/31	560,000	675,000	628,000
Fair value of plan assets at 12/31	575,000	530.000	650,000

Required: For each year, 2014 through 2016, compute

1. The amount of recognized loss (gain) to be included in pension expense. Be sure to indicate whether the recognized amount increases or decreases pension expense.

2. The ending balance of AOCI-net actuarial (gain) loss.

3. OCI-net actuarial (gain) loss.

Reference no: EM131791814

Questions Cloud

Calculate the payback period for each project : Calculate the payback period for each project. Calculate the profitability index for each project, using a cost of capital of 10 percent.

Strategic partnering is encouraged : "Strategic partnering is encouraged when two or more business organizations have complementary products or services that would benefit the others."

Company activities in terms of its visions and strategies : To measure a company’s activities in terms of its visions and strategies, we need to use a balanced scorecard. How can we apply that?

Digital communications using the reciprocal method : Digital Communications using the reciprocal method, Wireless Communications using the direct method

Computing ending balance of aoci-net actuarial loss : At January 1, 2014, Archer Co.'s PBO is $500,000 and the fair value of its pension plan assets is $630,000. The average remaining service period of Archer's.

Operations blueprint for car wash specializing : Develop an operations blueprint for a car wash specializing in a one-hour "while-you-wait" inexpensive detailing of vehicles.

Explain differences between classical and quantum computing : CIS2344 - Algorithms Processes & Data Assignment Specification - Describe a range of useful algorithms and the properties and uses of common data structures.

Calculate the financial impact of buying a ct unit : Calculate the financial impact of buying a CT unit that would cost $3.0 million, would have a five-year useful life, would have a 10 percent salvage value.

Which card had been selected for a large number of trials : ESP A Zener deck of cards has cards that show one of five different shapes with equal representation, so that the probability of selecting any particular shape.

User Account

All Pages