Amortization for the current year

Reference no: EM13134053

Schiff Co. sponsors a defined benefit pension plan. For the current year, the expected return on plan assets was $100,000. The actual return was $150,000. The company's actuary estimates an increase of $600,000 in the projected benefit obligation. The amount of the projected benefit obligation determined at year-end reflected an increase of only $400,000. If no net gain (loss) was carried in accumulated OCI at the beginning of the year, the amount of net gain (loss) subject to required amortization for the current year is:

Reference no: EM13134053

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