4 Hicks Cable Company has a defined benefit pension plan. Three alternative poss

Question

4 Hicks Cable Company has a defined benefit pension plan. Three alternative possibilities for pension-related data at January 1, 2018, are shown below points ???? 329 (354) $ 269 (20) (32) 2018 loss (gain) on plan assets Accumulated benefit obligation, Jan. 1 Fair value of plan assets, Jan. 1 04:3656 2018 loss (gain) on PBO (282) (3,040) (2,640) (1,540) (3,400) (2,760) (1,790) 1,640 Average remaining service period 12 15 10 Print ReferencesRequired: 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 2018. 2. For each independent case, determine the net loss-AOCI or net gain-AOCI as of January 1, 2019. Complete this question by entering your answers in the tabs below Required 1 Required 2 For each independent case, calculate any amortization of the net loss or gain that should be included as a component of pension expense for 2018. (Input all amounts as positive values.) Prev 4 of 10 Next >

Explanation / Answer

PART 1 Case 1 Case 2 Case 3 Net loss or gain $329.00 $354.00 $269.00 Less: 10% Coridor $340.00 $279.00 $179.00 Excess $-    $75.00 $90.00 Service Period 12.00 15.00 10.00 Amortization $-    $5.00 $9.00 Part 2 Case 1 Case 2 Case 3 Jan 1, 2018 $329.00 $(354.00) $269.00 2018 Loss (gain) on plan assets $(20.00) $(17.00) $7.00 2018 amortzation $-    $5.00 $(9.00) 2018 Loss (gain) on PBO $(32.00) $25.00 $(282.00) Jan 1, 2019 $277.00 $(341.00) $(15.00)

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