Northeastern logistics inc has pbo balance of 450000 and, Ask an Expert

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NorthEastern Logistics Inc. has PBO balance of $450,000 and Plan Assets balance of $ 420,000 on Jan 1, 2015. Actuarial valuation of PBO at Dec 31, 2013 was $520,000. Service cost for 2015 was $20,000 and expected rate of return and settlement rate was 10%. Assuming that expected and actual return were same, how much NorthEastern should report as OCI Gain/Loss for 2015

Unexpected Gain of $5,000

Unexpected Loss of $5,000

Unexpected Loss of $70,000

None of the above

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91967573

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