At the Beginning of the Current Year,Bridges Corporation Has a Net

question 34

Multiple Choice

At the beginning of the current year,Bridges Corporation has a net gain-Accumulated Other Comprehensive Net Income of $80,000,000.The Projected Benefit Obligation and the plan assets are $500,000,000 and $650,000,000 respectively.The average remaining service period for the employees to receive benefits is 15 years.What is the amount of amortization to pension expense for the year?

• A)$1,000,000
• B)$1,500,000
• C)$2,000,000
• D)$8,000,000

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Definitions:

Development

The process of economic, social, and cultural growth, expansion, or evolution, often associated with progressive changes.

Implementation

The act of putting a plan, decision, or agreement into effect.

Plan Success

Developing a strategic approach to achieve desired outcomes or targets.

Coordination

The act of organizing and making different elements work together effectively to achieve a goal.