Solved: Metlock corporation amended its pension plan on january 1, Accounting Basics

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Metlock corporation amended its pension plan on january 1

Question - Metlock Corporation amended its pension plan on January 1, 2017, and granted $166,840 of prior service costs to its employees. The employees are expected to provide 1,940 service years in the future, with 350 service years in 2017.

Compute prior service cost amortization for 2017.

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Accounting Basics: Metlock corporation amended its pension plan on january 1

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Accounting Basics: Metlock corporation amended its pension plan on january 1

Reference No:- TGS02376901

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