Ask Question
17 June, 02:49

Premier Sports Inc has a beginning PBO balance of $628,000 and a beginning market-related value of plan assets of $560,000. The net actuarial gain at the beginning of the period is $87,500 and the average employee base has a remaining service life of 20 years. What is the required amortization of actuarial gains or losses for the current year?

a. 24,700

b. 1,235

c. 3,140

d. 4,375

+3
Answers (1)
  1. 17 June, 06:06
    0
    Correct answer is D.

    $4375

    Explanation:

    Amortization of actuarial gain or losses = Net actuarial gain/remaining service life

    = 87500/20

    Amortization of actuarial gain = $4375
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Premier Sports Inc has a beginning PBO balance of $628,000 and a beginning market-related value of plan assets of $560,000. The net ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers