Andrews Medical reported a net lossAOCI in last years balance sheet. This year, the company...
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Accounting
Andrews Medical reported a net lossAOCI in last years balance sheet. This year, the company revised its estimate of future salary levels causing its PBO estimate to decline by $12 million. Also, the $22 million actual return on plan assets fell short of the $24 million expected return. How does this gain and loss affect Andrews income statement, statement of comprehensive income, and balance sheet?
Income Statement:
Net income ?
Comprehensive income statement
Gain- OCI?
Loss- OCI?
Balance Sheet:
Net pension liability decrease by?
Net loss- AOCI deccrease by?
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