-
+1 - 312-224-1615
Get in touch with us
-
support@helpwithassignment.com
Send us an e-mail
Solution Library
Calculation Of Amount Of AOCI Amortization
Question
The following information relates to the pension plan for the employees of Turner Co.: Turner estimates that the average remaining service life is 16 years. Turner's contribution was $378,000 in 2013 and benefits paid were $282,000.
|
|
1/1/12 |
1/1/13 |
1/1/14 |
|
Projected benefit obligation |
2,790,000 |
2,988,000 |
4,002,000 |
|
Fair value of plan assets |
2,550,000 |
3,120,000 |
3,444,000 |
|
AOCI- net (gain) or loss |
-0- |
(432,000) |
(480,000) |
|
Settlement rate (for year) |
|
11% |
11% |
|
Expected rate of return (for year) |
8% |
7% |
|
Turner estimates that the average remaining service life is 16 years. Turner's contribution was $378,000 in 2013 and benefits paid were $282,000.
To calculate the amount of AOCI (net gain) amortization in 2013, the corridor we should use is
a. 10% of 2,988,000.
b. 10% of 3,120,000
c. 10% Of 3,444,000
d. 10% of 4,002,000
Summary
The question belongs to Accounting and it discusses about calculation of amount of AOCI amortization for the year.
Total Word Count 24
Download Full SolutionWHAT OUR STUDENTS SAY
I was really very poor at drawing phase diagrams in my material science course. In fact that was the first time I looked for help from HwA. The result was fantastic. The material science experts knew what to deliver just after receiving the request and I didn’t have to worry since then.
Kate Green Student
1. Being a computer science engineer is my dream and it wouldn’t have possible for me to minutely understand the basics of C++ programming without the help of TheReliableTutor.com and the engineering assignment tutors. I grasped C programming on my own, but for C++ and Java, I am definitely grateful to TheReliableTutor
Joseph Gordon Student
Operations management was my minor during my MBA but I faced much challenges with the problems and assignments. So once when I was stuck with my supply chain management assignment my friend Joan told me about this website. The feedback I got from them was very positive and the assignment was also very well done. All the calculations and the charts were displayed in proper manner and from then onwards I constantly took help from them.
Lisa Gracey Student
Concepts like diffusion between phases often confused me in the past. I used to stumble at each given assignment. However, when I came across HwA, they took time to make me understand and solved all the critical problems, thereby helping me get excellent grades.
Jill Green Student
I had to submit 7 pages essays due in 2 days. TheReliableTutor.com made it possible without any stress. The assistance was excellent and I really appreciate your hard work. Very much satisfied with the service and I’ll recommend everyone.
Tiani Student
Comments
this is a very good website
I have 50 questions for the same test your page is showing only 28
hi can you please help or guide me to answer my assignments. thanks
hi can anyone help or guide me to my assignments. thanks
This solution is perfect ...thanks
Hello Allison,I love the 2nd image that you did! I also, had never heard of SumoPaint, is something that I will have to exolpre a bit! I understand completely the 52 (or so) youtube videos that you probably watched. Sometimes they have what you want, sometimes they don't! However, it is always satisfying when you are able to produce something that you have taught yourself. Great job!Debra 0 likes
Perfect bank of solution.
great !
thanks for the quick response. the solution looks good. :)
thnx for the answer. it was perfect. just the way i wanted it.
works fine.