Records for the Bass Corporation's Defined-Benefit Pension Plan Show a Net

question 19

Multiple Choice

Records for the Bass Corporation's defined-benefit pension plan show a net unrecognized loss at December 31,2013,of $30,000,after recording the pension expense for 2013.The average expected service period of the company's employees is 10 years.The actuary notifies Bass's management that an actuarial gain of $4,000 is determined at January 1,2014.Actual return for 2014 is $2,000,and expected return is $3,000.The following information also is available for the 2014: The minimum amortization of unrecognized loss increases 2014 pension expense by what amount?

• A) $2,400
• B) $1,700
• C) $2,100
• D) $2,600

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Definitions:

Historical Significance

The importance or impact that an event, figure, or invention has had in shaping history and influencing future developments.

Woodrow Wilson

The 28th President of the United States, serving from 1913 to 1921, known for leading the country through World War I and advocating for the League of Nations.

Trusts

Companies combined to limit competition.