Hicks Cable Company has a defined benefit pension plan. Three alternative possibilities for pension-related data at January 1, 2021, are shown below:

 Hicks Cable Company has a defined benefit pension plan. Three alternative possibilities for pension-related data at January 1, 2021, are shown below:

 

Required:
1. For each independent case, calculate any amortization of the net loss or gain that should be included as a component of pension expense for 2021.

2. For each independent case, determine the net loss—AOCI or net gain—AOCI as of January 1, 2022.

Explanation

 

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