b) compute the amount of the other comprehensive income (G/L) as of Dec 31 2020...
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b) compute the amount of the other comprehensive income (G/L) as of Dec 31 2020 (assume Jan 1 2020 balance was zero)
net pension liability gains and losses = $_____
c) compute the amount of net gain or loss amortization for 2020 (corridor approach)
net gain or loss amortization = $____
d) compute pension expense for 2020
pension expense = $____
Sheridan Company sponsors a defined benefit pension plan. The corporation's actuary provides the following information about the plan January 1, 2020 December 31. 2020 $1,920 $1.470 1.920 2,780 2,620 3.190 1.620 2,300 Vested benefit obligation Accumulated benefit obligation Projected benefit obligation Plan assets (tair value) Settlement rate and expected rate of retum Pension asset/Itability Service cost for the year 2020 Contributions (tunding in 2020) 10 % 1.000 2 440 660 Benefits paid in 202 180
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