Amortizing the net gain or loss


Response to the following problem:

Given the following information for Tyler Company's pension plan at the beginning of the year, calculate the corridor, excess net loss (gain), and amortized net loss (gain). Assume an average remaining service life of 15 years.

Cumulative net loss $ 25,000

Projected benefit obligation: actual 220,000

Fair value of pension plan assets 200,000 .

 

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Financial Accounting: Amortizing the net gain or loss
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