Use the Following Information for Questions 74 Through 76

question 43

Multiple Choice

Use the following information for questions 74 through 76.
The following data are for the pension plan for the employees of Lockett Company. Lockett's contribution was $420,000 in 2015 and benefits paid were $375,000. Lockett
estimates that the average remaining service life is 15 years.
-The corridor for 2015 was $300,000. The amount of AOCI-net loss amortized in 2015 was

• A) $33,333.
• B) $32,000.
• C) $14,000.
• D) $12,000.

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Definitions:

Benchmark

A standard or point of reference against which the performance of a security, mutual fund, or investment manager can be measured.

Management Fee

A charge paid to a company's managers for their services, often a percentage of managed assets or profits.

Net Return

The profit or loss from an investment after all expenses, including taxes, fees, and costs, have been subtracted.

Market Neutral

An investment strategy aiming to achieve returns independent of the overall market direction by simultaneously buying assets expected to rise and shorting assets expected to fall.