Brown Corp had a projected benefit obligation of $3,000,000 and plan assets of $2,500,000 at January 1, 2021. Brown had a net actuarial loss of $425,000 in Accumulated OCI at January 1, 2021. The average remaining service period of Brown's employees is 8 years. Calculate Brown's minimum amortization of the actuarial loss. $53,125 $18,000 O $15,625 O $37,500
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- At the beginning of Year 1, Cactus Company has three employees: A, B, and C. Employee A has 3 expected years of future service. Employee B has 4 expected years of future service, and Employee C has 5 expected years of future service. Using the year-of-future-service method, compute the amortization fraction for Years 1 through 5 that Cactus would use to amortize its prior service cost.Sandhill Corporation had a projected benefit obligation of $3,210,000 and plan assets of $3,371,000 at January 1, 2025, Sandhill also had a net actuarial loss of $444,740 in accumulated OCI at January 1, 2025. The average remaining service period of Sandhill's employees is 6.9 years. Compute Sandhill's minimum amortization of the actuarial loss. Minimum amortization of the actuarial loss $ 62Concord Corporation amended its pension plan on January 1, 2020, and granted $162,540of prior service costs to its employees. The employees are expected to provide1,890service years in the future, with360service years in 2020. Compute prior service cost amortization for 2020. Prior service cost amortization for 2020 $
- Ivanhoe Corporation had a projected benefit obligation of $3,233,000 and plan assets of $ 3,394,000 at January 1, 2025. Ivanhoe also had a net actuarial loss of $442,900 in accumulated OCI at January 1, 2025. The average remaining service period of Ivanhoe's employees is 6.9 year.Compute Ivanhoe's minimum amortization of the actuarial loss.Coronado Corporation had a projected benefit obligation of $2,890,000 and plan assets of $3,097,000 at January 1, 2020. Coronado also had a net actuarial loss of $437,680 in accumulated OCI at January 1, 2020. The average remaining service period of Coronado’s employees is 7.90 years.Compute Coronado’s minimum amortization of the actuarial loss. Minimum amortization of the actuarial lossSunland Corporation had a projected benefit obligation of $3,323,000 and plan assets of $3,561,000 at January 1, 2025. Sunland also had a net actuarial loss of $525,700 in accumulated OCI at January 1, 2025. The average remaining service period of Sunland's employees is 8.0 years. Compute Sunland's minimum amortization of the actuarial loss. Minimum amortization of the actuarial loss $
- Buffalo Corporation had a projected benefit obligation of $3,280,000 and plan assets of $3,446,000 at January 1, 2020. Buffalo also had a net actuarial loss of $513,520 in accumulated OCI at January 1, 2020. The average remaining service period of Buffalo’s employees is 8.20 years.Compute Buffalo’s minimum amortization of the actuarial loss. Minimum amortization of the actuarial loss $enter Buffalo’s minimum amortization of the actuarial lossShamrock Corporation had a projected benefit obligation of $3,104,000 and plan assets of $3,300,000 at January 1, 2020. Shamrock also had a net actuarial loss of $455,600 in accumulated OCI at January 1, 2020. The average remaining service period of Shamrock’s employees is 8.00 years.Compute Shamrock’s minimum amortization of the actuarial loss.Tamarisk Corporation had a projected benefit obligation of $3,210,000 and plan assets of $3,371,000 at January 1, 2020. Tamarisk also had a net actuarial loss of $444,740 in accumulated OCI at January 1, 2020. The average remaining service period of Tamarisk's employees is 6.90 years. Compute Tamarisk's minimum amortization of the actuarial loss. Minimum amortization of the actuarial loss $
- Everdeen Corporation has the following information provided below: December 31, 2022 Assets and obligations Plan assets (at fair value) $200,000 Accumulated benefit obligation 370,000 Projected benefit obligation 400,000 Other Items Pension asset / liability, January 1, 2022 10,000 Contributions 120,000 Accumulated other comprehensive loss 167,900 There were no actuarial gains or losses at January 1, 2022. The average remaining service life of employees is 10 years. What is the amount that Everdeen should report as its pension liability on its balance sheet as of December 31, 2022? Question 17 options: a) $400,000 b) $200,000 c) $370,000 d) $30,000Blossom Corporation had a projected benefit obligation of $3,142,000 and plan assets of $3,308,000 at January 1, 2020. Blossom also had a net actuarial loss of $438,720 in accumulated OCI at January 1, 2020. The average remaining service period of Blossom’s employees is 7.10 years.Compute Blossom’s minimum amortization of the actuarial loss.Shin Corporation had a projected benefit obligation of $3,100,000 and plan assets of $3,300,000 at January 1, 2020. Shin also had a net actuarial loss of $465,000 in accumulated OCI at January 1, 2020. The average remaining service period of Shin's employees is 7.5 years. Compute Shin's minimum amortization of the actuarial loss.