On January 1, 2014, a company had $84,000 of unrecognized prior service cost. The years-of-future-service method of amortization is used. The company has seven employees, as indicated below:

What amount of prior service cost should be included in pension expense for 2014?

Question

On January 1, 2014, a company had $84,000 of unrecognized prior service cost. The years-of-future-service method of amortization is used. The company has seven employees, as indicated below:

What amount of prior service cost should be included in pension expense for 2014?

Quizplus · Accepted Answer

The Answer of On January 1, 2014, a company had $84,000 of unrecognized prior service cost. The years-of-future-service method of amortization is used. The company has seven employees, as indicated below:

What amount of prior service cost should be included in pension expense for 2014?

On January 1, 2014, a Company Had $84,000 of Unrecognized