zoom in and it's clear. thanks ! On January 1,. 2017, East...
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zoom in and it's clear. thanks !
On January 1,. 2017, East Corporation adopted a defined benefit pension plan. At plan inception, the prior service cost was $60,000. In 2017, East incurred service cost of $150,000 and amortized $12,000 of prior service cost. On December 31, 2017, East contributed $160,000 to the pension plan. East assumes a 6% discount rte and 5% expected rate of return. Required: At December 31, 2017, what amounts should East report as a pension asset (iability) and AOCI on its balance liability should be indicated with by minus sign.) )at 12/31/17 AOCI-12/31/17
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