FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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 $
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Transcribed Image Text: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 $
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