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Compute the amount of the other comprehensive income

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Reference no: EM131109409

1. (Computation of Actual Return, Gains and Losses, Corridor Test, and Pension Expense) Erickson Company sponsors a defined benefit pension plan. The corporation's actuary provides the following information about the plan.

(a) Compute the actual return on the plan assets in 2010.

(b) Compute the amount of the other comprehensive income (G/L) as of December 31, 2010. (Assume the January 1, 2010, balance was zero.)

(c) Compute the amount of net gain or loss amortization for 2010 (corridor approach).

(d) Compute pension expense for 2010. 

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Reference no: EM131109409

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