The following information relates to the pension plan for the employees of Blossom Co.:Accum, beneht obligationProjected benefit obligationFair value of plan assetsAOCI - net (gain) or lossSettlement rate (for year)Expected rate of return (for year)1/1/20The corridor for 2021 is$10240000107650009925000-0-12/31/20$106600001145800011920000(1612000)9%9%12/31/21$ 136000001500700013054000(1780000)9%8%Blossom estimates that the average remaining service life is 16 years. Blossom's contribution was $1423000 in 2021 and benefits paidwere $1087000.

In pension accounting, any acturial gain or loss exceeding 10% of greater of projected beneift…

The following information relates to the pension plan for the employees of Blossom Ca Accum, bereht obligation Projected benefit obligation Fair value of plan assets AOCI-net (gain) or loss Settlement rate (for year) Expected rate of return for year) 1/1/20 $10240000 10765000 9925000 -0 12/31/20 $ 10660000 11458000 11920000 (1612000) 9% 9% 12/31/21 S 13600000 15007000 13054000 (1780000) 9% 8%

The following information relates to the pension plan for the employees of Blossom Ca Accum, bereht obligation Projected benefit obligation Fair value of plan assets AOCI-net (gain) or loss Settlement rate (for year) Expected rate of return for year) 1/1/20 $10240000 10765000 9925000 -0 12/31/20 $ 10660000 11458000 11920000 (1612000) 9% 9% 12/31/21 S 13600000 15007000 13054000 (1780000) 9% 8%

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 4E

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Given the following information for Tyler Companys pension plan at the beginning of the year, calculate the corridor, excess net loss (gain), and amortized net loss (gain). Assume an average remaining service life of 15 years.
The following information relates to the pension plan for the employees of Blossom Company: Accum. benefit obligation Projected benefit obligation Fair value of plan assets AOCI - net (gain) or loss Settlement rate (for year) Expected rate of return (for year) 1/1/25 $7940000 8465000 7625000 O $26250. O $17456. O $20238. O $14188. 0 12/31/25 $8360000 9158000 9620000 (1382000) 11% 8% 12/31/26 $11300000 12707000 10754000 (1550000) 11% 7% Blossom estimates that the average remaining service life is 16 years. Blossom's contribution was $1323000 in 2026 and benefits paid were $987000. The amount of AOCI (net gain) amortized in 2026 is
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