paid were $45,000. The amount of accumulated OCI-gains amortized in 2021 is $_________. (If there should be no corridor amortization, then enter 0. If your answer is a decimal, there is no need to round your answer. Note: a year’s beginning is the previous year’s ending.)

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The following information relates to the defined benefit pension plan for the employees of a company:

                                                                    1/1/20                         12/31/20                      12/31/21           

Projected benefit obligation                        $201,000                      $321,000                       $416,000

Accumulated benefit obligation                    192,000                        287,000                           381,000

Fair value of plan assets                              156,000                        252,000                           448,000

Accumulated OCI--gains                                 -0-                           41,000                           237,000

The company estimates that the average remaining service life is 40 years. The company’s contribution was $82,000 in 2021 and benefits paid were $45,000.

The amount of accumulated OCI-gains amortized in 2021 is $_________. (If there should be no corridor amortization, then enter 0. If your answer is a decimal, there is no need to round your answer. Note: a year’s beginning is the previous year’s ending.)

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