111 Montoya Company has available the following information about its defined-benefit pension…

111 Montoya Company has available the following information about its defined-benefit pension…

111
Montoya Company has available the following information about its defined-benefit pension plan for the year ending December 31, 2018:
Service cost for 2018 26,100Accumulated benefit obligation 694,000Plan assets at fair value 641,000Accumulated OCI (PSC) 311,000Vested benefit obligation 516,000Market-related asset value 736,000Projected benefit obligation 877,000Accumulated OCI net gain 94,300Interest on projected benefit obligation 75,000
1)Calculate the pension asset/liability to be recorded at December 31, 2018.
2)Calculate the 2019 amortization of the net gain. The average remaining service life of employees is 10 years.

111 Montoya Company has available the following information about its defined-benefit pension…

TALK TO SUPPORT VIA LIVE CHAT TO SEE THIS ANSWER AT $ 10 ONLY