Presented below is information related to Oriole Manufacturing Company as of December 31, 2018: Projected benefit...
Presented below is information related to Oriole Manufacturing Company as of December 31, 2018: Projected benefit obligation $ 1850000 Accumulated OCI -net gain 630000 Accumulated OCI (PSC) 840000 The amount for the prior service cost is related to an increase in benefits. The fair value of the pension plan assets is $1347000. The pension asset / liability reported on the balance sheet at December 31, 2018 is Pension liability of $1850000. Pension liability of $503000. Pension liability of $2690000. Pension liability of $1347000.
Homework Answers
| Projected benefit obligation | 1850000 |
| Less: Fair value of the pension plan assets | 1347000 |
| Pension liability at December 31, 2018 | 503000 |
| Pension liability of $503000 is correct option |
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Presented below is information related to Oriole Manufacturing
Company as of December 31, 2018: Projected benefit...
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(Round answers to 0 decimal places, e.g. 5,125. Enter
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Calculate the amortization of the loss (2018) using the corridor
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Amortization of the loss $ _______
Prepare the journal entries (from the worksheet) to reflect all
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employees. The following data relate to the operation of the plan
for the years 2017 and 2018.
Prepare a pension worksheet presenting both years 2017 and 2018.
(Round answers to 0 decimal places, e.g. 5,125. Enter
all amounts as positive.)
Calculate the amortization of the loss (2018) using the corridor
approach.
Amortization of the loss $ _______
Prepare the journal entries (from the worksheet) to reflect all
pension plan transactions...
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2017.
Projected benefit obligation
$2,464,000
Plan assets at fair value
1,823,000
Accumulated OCI (PSC)
1,088,000
What is the amount for pension liability that should be reported on
Riverbed's balance sheet at December 31, 2017?
Pension liability balance at December 31, 2017
$
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