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Question - Boonay Company has set up a pension plan for its staff. The information given is that available for 2014.
Salaries $3,000,000
Pension Expense $250,000
Prior Service Cost $185,000
Prepaid/Accrued Pension Cost $30,000
Obligation Balance $683,000
Plan Asset Balance $763,000
Prepaid/Accrued Balance $79,200
Required - What will Boonay record as Other Comprehensive Income for 2014?
Allyson Ashley makes jet skis. During the year, Allyson manufactured 54,000 jet skis. Finished goods inventory had the following units.
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