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:

Stroop Effect

A cognitive phenomenon that demonstrates the interference in reaction time when the name of a color is printed in a color not denoted by the name.

Transience

The tendency for memory and other cognitive processes to diminish over time, leading to forgetting or the loss of information.

Recognition

The process of identifying something previously seen, heard, or experienced through memory.

Recall

The mental process of retrieving information from the past, without being re-exposed to it in the present.