Pearl Enterprises provides the following information relative to its defined benefit pension plan. ...

90.2K

Verified Solution

Question

Accounting

Pearl Enterprises provides the following information relative to its defined benefit pension plan.

Balances or Values at December 31, 2020

Projected benefit obligation $2,743,700
Accumulated benefit obligation 1,980,300
Fair value of plan assets 2,290,800
Accumulated OCI (PSC) 212,000
Accumulated OCINet loss (1/1/20 balance, 0) 45,800
Pension liability 452,900
Other pension plan data for 2020:
Service cost $94,300
Prior service cost amortization 42,200
Actual return on plan assets 129,800
Expected return on plan assets 175,600
Interest on January 1, 2020, projected benefit obligation 254,300
Contributions to plan 92,700
Benefits paid 139,800

Compute the amount of accumulated other comprehensive income reported at December 31, 2020. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Accumulated other comprehensive income (loss)

$

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students