Assume That at the Beginning of the Current Year, a Company

question 192

Multiple Choice

Assume that at the beginning of the current year, a company has a net gain-AOCI of $60,000,000. At the same time, assume the PBO and the plan assets are $300,000,000 and $450,000,000, respectively. The average remaining service period for the employees expected to receive benefits is 10 years. What is the amount of amortization to pension expense for the year?

• A) $6,000,000.
• B) $15,000,000.
• C) $1,500,000.
• D) $7,500,000.

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Definitions:

Measurable Objective

A specific and quantifiable goal that can be evaluated to determine if it has been achieved.

Communication Skills

The ability to convey or share information, ideas, and feelings effectively through verbal, non-verbal, written, and digital mediums.

Written Intervention Contracts

Formal agreements between service providers and clients outlining the goals, processes, and expectations of an intervention.

Identifying Information

Data or details that can be used to recognize or distinguish an individual, such as name, age, or Social Security Number.