JL Health Services reported a net loss-AOCI in last year\'s balance sheet. This

Question

JL Health Services reported a net loss-AOCI in last year's balance sheet. This year, the company
revised its estimate of future salary levels causing its PBO estimate to decline by $24. Also, the $48 million
actual return on plan assets was less than the $54 million expected return. As a result,
A. the net pension liability will decrease by $24 million.
B. the net pension liability will increase by $18 million.
C. the statement of comprehensive income will report a $6 million gain and a $24 million loss.
D. accumulated other comprehensive income will increase by $18 million.

Explanation / Answer

Answer: D

D). accumulated other comprehensive income will increase by $18 million.

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