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Find the amount of aoci-net loss amortized was

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Reference no: EM132583381

The following data are for the pension plan for the employees of Ivanhoe Company.

                                                         1/1/17                 12/31/17                   12/31/18

Accumulated benefit obligation             $4000000               $4200000                $5800000

Projected benefit obligation                     4400000                 4600000                6400000

Plan assets (at fair value)                          3600000                  5000000              5600000

AOCL - net loss                                              0                              870000            900000

Settlement rate (for year)                                   9%                                 8%

Expected rate of return (for year)                         7%                                 6%

Ivanhoe's contribution was $740000 in 2018 and benefits paid were $650000. Ivanhoe estimates that the average remaining service life is 10 years.

Question 1: The corridor for 2018 was $500000. The amount of AOCI-net loss amortized in 2018 was

a) $37000.

b) $43000.

c) $90000.

d) $87000.

Reference no: EM132583381

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