Pronghorn Corporation amended its pension plan on January 1, 2020, and granted $151,470 of prior service costs to its employees. The employees are expected to provide 1,870 service years in the future, with 320 service years in 2020. Compute prior service cost amortization for 2020. Prior service cost amortization for 2020 $

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Employee Benefits

In an organization employees are the most important resource and most important asset. They can lead an organization to the sky or can be the reason for unsuccessful of business. Therefore, it is very much important that employees of an organization should be satisfied by the environment of the organization and most importantly with the salary, wages incentives, etc.