What is the net gain to be reported in year 8

Reference no: EM133609889

Question: At December 31, Year 8, Stephens Brothers Inc. has the following pension plan information: Fair value of plan assets, beginning of year $1,500,000 Fair value of plan assets, end of year 1,590,000 Contributions 350,000 Benefits paid 425,000 Expected return on plan assets 120,000 The expected return on plan assets was used to calculate net periodic pension cost. No actuarial gains or losses were incurred during Year 8. Stephens Brothers' effective tax rate is 40%. What is the net gain to be reported in Year 8 other comprehensive income under U.S. GAAP?

Reference no: EM133609889

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