Current Attempt in Progress Oriole Co. had the following amounts related to its pension plan in 2020. Actuarial liability loss for 2020 $25,800 Unexpected asset gain for 2020 17,000 Accumulated other comprehensive income (G/L) (beginning balance) 6,500 Cr. Determine for 2020 (a) Oriole's other comprehensive income (loss) and (b) comprehensive income. Net income for 2020 is $25,400; no amortization of gain or loss is necessary in 2020. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) (a) Other comprehensive income (loss) $ (b) Comprehensive income (loss) $ %24
Current Attempt in Progress Oriole Co. had the following amounts related to its pension plan in 2020. Actuarial liability loss for 2020 $25,800 Unexpected asset gain for 2020 17,000 Accumulated other comprehensive income (G/L) (beginning balance) 6,500 Cr. Determine for 2020 (a) Oriole's other comprehensive income (loss) and (b) comprehensive income. Net income for 2020 is $25,400; no amortization of gain or loss is necessary in 2020. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) (a) Other comprehensive income (loss) $ (b) Comprehensive income (loss) $ %24
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 12E
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Transcribed Image Text:Current Attempt in Progress
Oriole Co. had the following amounts related to its pension plan in 2020.
Actuarial liability loss for 2020
$25,800
Unexpected asset gain for 2020
17,000
Accumulated other comprehensive income (G/L) (beginning balance)
6,500 Cr.
Determine for 2020 (a) Oriole's other comprehensive income (loss) and (b) comprehensive income. Net income for 2020 is $25,400;
no amortization of gain or loss is necessary in 2020. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses
e.g. (45).)
(a)
Other comprehensive income (loss)
(b)
Comprehensive income (loss)
$
%24
%24
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