Use the following information for questions 74 through 76.
The following data are for the pension plan for the employees of Lockett Company.
Lockett's contribution was $420,000 in 2015 and benefits paid were $375,000. Lockett
estimates that the average remaining service life is 15 years.
-The corridor for 2015 was $300,000. The amount of AOCI-net loss amortized in 2015 was
A) $33,333.
B) $32,000.
C) $14,000.
D) $12,000.
Correct Answer:
Verified
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