Teresa Company had the following information related to its pension plan:
For simplicity, an average remaining service life fof 3 years is always used.
An additional net loss of $1990 was reported as of January 1, 2015 (see table). This amount has been included in the January 1, 2015. projected benefit obligation balance.
Required:
Compute the amount of loss that should be included in pension expense in:
a.2015
b.2016

Question

Teresa Company had the following information related to its pension plan: 
 For simplicity, an average remaining service life fof 3 years is always used.
An additional net loss of $1990 was reported as of January 1, 2015 (see table). This amount has been included in the January 1, 2015. projected benefit obligation balance.
Required:
Compute the amount of loss that should be included in pension expense in: 
a.2015
b.2016

Quizplus · Accepted Answer

The Answer of Teresa Company had the following information related to its pension plan: 
 For simplicity, an average remaining service life fof 3 years is always used.
An additional net loss of $1990 was reported as of January 1, 2015 (see table). This amount has been included in the January 1, 2015. projected benefit obligation balance.
Required:
Compute the amount of loss that should be included in pension expense in: 
a.2015
b.2016

Teresa Company Had the Following Information Related to Its Pension