At the beginning of the current year,a pension has assets of $58,600,000 and accrued benefit obligation of $69,500,000.During the year,the sponsor recorded $3,100,000 in pension expense and contributed $4,000,000 to the pension plan.At the end of the year,the plan assets had fair value of $55,400,000 while the plan obligations had a present value of $64,000,000.
Required:
Compute the amount of other comprehensive income relating to the pension plan for the year.

Question

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The Answer of At the beginning of the current year,a pension has assets of $58,600,000 and accrued benefit obligation of $69,500,000.During the year,the sponsor recorded $3,100,000 in pension expense and contributed $4,000,000 to the pension plan.At the end of the year,the plan assets had fair value of $55,400,000 while the plan obligations had a present value of $64,000,000.
Required:
Compute the amount of other comprehensive income relating to the pension plan for the year.

At the Beginning of the Current Year,a Pension Has Assets