Reference no: EM133034014
Question - The following amounts have been abstracted from a firm's pension work paper for the year ended December 31, 2021:
Plan assets 1/1/21 $715,000
Projected benefit obligation 1/1/21 810,000
Service cost 84,000
Interest cost 48,600
Expected return 82,500
Actual return 63,600
Amortization of prior service cost 7,500
Employer contribution 65,000
Pensions paid 112,500
Amortization of unexpected loss 900
Increase in projected benefit obligation at 12/31/21 resulting from actuarial changes 45,000
Required - For the year ended December 31, 2021, what was the total dollar effect on other comprehensive income (loss)-unexpected gains (losses)?
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