Sheridan Corporation had a projected benefit obligation of $2,903,000 and plan assets of $3,084,000 at January 1, 2025. Sheridan also had a net actuarial loss of $428,390 in accumulated OCI at January 1, 2025. The average remaining service period of Sheridan's employees is 7.1 years. Compute Sheridan's minimum amortization of the actuarial loss. Minimum amortization of the actuarial loss $
Sheridan Corporation had a projected benefit obligation of $2,903,000 and plan assets of $3,084,000 at January 1, 2025. Sheridan also had a net actuarial loss of $428,390 in accumulated OCI at January 1, 2025. The average remaining service period of Sheridan's employees is 7.1 years. Compute Sheridan's minimum amortization of the actuarial loss. Minimum amortization of the actuarial loss $
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter19: Accounting For Post Retirement Benefits
Section: Chapter Questions
Problem 6RE
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