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Find the amortization of other comprehensive loss

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Reference no: EM132465395

Problem - The following information for Oriole Enterprises is given below:

December 31, 2018

Assets and obligations

Plan assets (at fair value) $384000

Accumulated benefit obligation 885000

Projected benefit obligation 975000

Other Items

Pension asset / liability, January 1, 2018 21000

Contributions 270000

Other comprehensive loss in 2018 278700

There were no actuarial gains or losses at January 1, 2018. The average remaining service life of employees is 10 years.

Required - Find the amortization of Other Comprehensive Loss for 2019?

A. $18120

B. $0

C. $27870

D. $47400

Reference no: EM132465395

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