Can you explain me step by step ho to find out the corridor...please Hicks Cable Company has a defined benefit pension plan. Three alternative possibilities for pension-related data at January 1, 2013, are shown below:($ in 000s)Case 1Case 2Case 3$ 320(11)(23)(2,950)(3,310)2,80012$ (330)(8)$ 2602Net loss (gain-AOCI, Jan. 12013 loss (gain) on plan assets2013 loss (gain) on PBCAccumulated benefit obligation, Jan. 1Projected benefit obligation, Jan. 1Fair value of plan assets, Jan. 1Average remaining service periodof active employees (years)(265)(1,450)(1,700)1,5501016(2,550)(2,670)2,70015For Case 1, what is the corridor amount associated with determining the "Excess"? ($ in 000s)A. $331B. $320C. $270D. $170

Hicks Cable Company has a defined benefit pension plan. Three alternative possibilities for pension- related data at January 1, 2013, are shown below: ($ in 000s) Case 1 Case 2 Case 3 $ (330) (8) Net loss (gain-AOCI, Jan. 1 2013 loss (gain) on plan assets 2013 loss (gain) on PBO Accumulated benefit obligation, Jan. 1 Projected benefit obligation, Jan. 1 Fair value of plan assets, Jan. 1 Average remaining service period of active employees (years) $ 320 (11) (23) (2,950) (3,310) 2,800 12 $ 260 2 (265) (1,450) (1,700) 1,550 10 16 (2,550) (2,670) 2,700 15 For Case 1, what is the corridor amount associated with determining the "Excess"? ($ in 000s) A. $331 B. $320 C. $270 D. $170

Hicks Cable Company has a defined benefit pension plan. Three alternative possibilities for pension- related data at January 1, 2013, are shown below: ($ in 000s) Case 1 Case 2 Case 3 $ (330) (8) Net loss (gain-AOCI, Jan. 1 2013 loss (gain) on plan assets 2013 loss (gain) on PBO Accumulated benefit obligation, Jan. 1 Projected benefit obligation, Jan. 1 Fair value of plan assets, Jan. 1 Average remaining service period of active employees (years) $ 320 (11) (23) (2,950) (3,310) 2,800 12 $ 260 2 (265) (1,450) (1,700) 1,550 10 16 (2,550) (2,670) 2,700 15 For Case 1, what is the corridor amount associated with determining the "Excess"? ($ in 000s) A. $331 B. $320 C. $270 D. $170

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter19: Accounting For Post Retirement Benefits

Section: Chapter Questions

Problem 4E

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Hicks Cable Company has a defined benefit pension plan. Three alternative possibilities for pension-related data at January 1, 2016, are shown below: ($ in 000s) Case 1 Case 2 Case 3 $ (330) (8) 16 (2,550) (2,670) 2,700 Net loss (gain)-AOCI, Jan. 1 2016 loss (gain) on plan assets 2016 loss (gain) on PBO Accumulated benefit obligation, Jan. 1 Projected benefit obligation, Jan. 1 Fair value of plan assets, Jan. 1 Average remaining service period of active employees (years) $ 320 $ 260 (11) (23) (2,950) (265) (1,450) (1,700) 1,550 (3,310) 2,800 12 15 10 Required: 1. For each independent case, calculate any amortization of the net loss or gain that should be included as a component of pension expense for 2016. 2. For each independent case, determine the net loss-AOCI or net gain-AOCI as of January 1, 2017.
Help Save & Exit Submit Hall of Fame Co. has a defined benefit pension plan. Two alternative possibilities for pension-related data for the current calendar year are shown below: Case 1 (232,200) S 212,000 (6,100) 12,100 (1,510,000) (1,710,000) 2,010,000 Саве 2 Net loss (gain), Jan. 1 Loss (gain) on plan assets Loss (gain) on PB0 ABO, Jan. 1 PBO, Jan. 1 Plan assets, Jan.1 Average remaining service period of active employees (years) 2,100 (221,000) (1,360,000) (1,610,000) 1,460,000 12 10 Required: 1. For each independent case, calculate amortization of the net loss or gain that should be included as a component of pension expense for the current year. 2. Determine the net loss or gain as of December 31 of the current year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 For each independent case, calculate amortization of the net loss or gain that should be included as a component of pension expense for the current year. (Input all amounts as…
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The following data relate to Ramesh Company's defined benefit pension plan: ($ in millions) $640 64 51 108 11 15 80 Plan assets at fair value, January 1 Expected return on plan assets Actual return on plan assets Contributions to the pension fund (end of year) Amortization of net loss Pension benefits paid (end of year) Pension expense Required: Determine the amount of pension plan assets at fair value on December 31. (Enter your answers in millions. Amounts to be deducted should be indicated with a minus sign.) Pension Plan Assets Beginning of the year End of the year
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The following incomplete (columns have missing amounts) pension spreadsheet is for the current year for First Republic Corporation (FRC). Prior ($ in millions) Debit(Credit) Plan Service Net Pension Net Pension PBO Assets Cost (Gain)/Loss Expense Cash (Liability)/Asset Beginning balance Service cost (700) 28 (90) 62 Interest cost 49 Expected return on assets Gain/loss on assets 68 (2) Amortization of: Prior service cost Net gain/loss (7) Loss on PBO (8) Contributions to fund (45) Retiree benefits paid (65) 730 (81) Ending balance What was FRC's pension expense for the year? Multiple Choice $44 million. Next > < Prev 20 of 39 Show Question no....pages Question no....pagesi -pdf MacBook Air