Hudson Company's actuary has provided the following information concerning the company's defined benefit pension plan at the end of 2016: Fair value of plan assets (1/1/2016) $350,000 Actual projected benefit obligation (1/1/2016) 360,000 Expected projected benefit obligation (1/1/2016) 424,000 Average remaining service life of employees 10 years The difference between the actual and expected projected benefit obligation first occurred in 2015. Compute the amount of the net gain or loss to include in Hudson's pension expense for 2016

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Employee Benefits

In an organization employees are the most important resource and most important asset. They can lead an organization to the sky or can be the reason for unsuccessful of business. Therefore, it is very much important that employees of an organization should be satisfied by the environment of the organization and most importantly with the salary, wages incentives, etc.