At the Beginning of the Current Year,a Pension Has Assets

question 67

Essay

At the beginning of the current year,a pension has assets of $58,600,000 and accrued benefit obligation of $69,500,000.During the year,the sponsor recorded $3,100,000 in pension expense and contributed $4,000,000 to the pension plan.At the end of the year,the plan assets had fair value of $55,400,000 while the plan obligations had a present value of $64,000,000.
Required:
Compute the amount of other comprehensive income relating to the pension plan for the year.

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Definitions:

Halorhodopsin (NpHR)

A light-activated chloride pump used in optogenetics to inhibit neuronal activity by hyperpolarizing neurons when exposed to light.

Depolarize

To reduce the polarization of a neuron, making the inside of the cell less negative compared to the outside, and promoting the generation of an action potential.

Electrical Stimulation

The use of electrical impulses to stimulate nerves or muscle fibers to improve function, relieve pain, or promote healing.

Neurosurgery

A medical specialty concerned with the prevention, diagnosis, surgical treatment, and rehabilitation of disorders which affect any portion of the nervous system.