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Barrel corporation had service and interest cost of $ 50,000 related to its defined pension plan for the year ended Dec 31, year 7. the company's for unrecognized prior service cost was $ 200,000 at Dec 31, year 6 an the average remaining service life of the company's employee was 20 years plan assets earned an expected and actual return of 10% during year 7. the company made contribution to the plan of $ 25,000 and paid benefit of $ 30,000 during the year. the pension plan had plan assets with a fair value of $300,000 at Dec 31, year 6. the PBO was $ 400,000 at Dec 31 year 6 and $420,000 at Dec 31 year 7. barrel's expected tax rate is 30 %.

What should barrel corporation report in accumulated other comprehensive income for this pension plan?

A. 133,000

B. 140,000

C. 190,000

D. 200,000

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  • Category:- Accounting Basics
  • Reference No.:- M9407510

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