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Homework answers / question archive / Flounder Corporation amended its pension plan on January 1, 2020, and granted $164,320 of prior service costs to its employees

Flounder Corporation amended its pension plan on January 1, 2020, and granted $164,320 of prior service costs to its employees

Accounting

Flounder Corporation amended its pension plan on January 1, 2020, and granted $164,320 of prior service costs to its employees. The employees are expected to provide 2,080 service years in the future, with 320 service years in 2020.

 

Compute prior service cost amortization for 2020.

 

Prior service cost amortization for 2020

$enter the prior service cost amortization for 2017 in dollars

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