Howard Corp. Sponsors a defined-benefit pension plan for its employees.
On January 1, 2031, the following balances are related to its defined-benefit pension plan:
Plan assets (market-related value)
Projected benefit obligation
Pension asset/liability
Prior service cost
UEGL - Loss
On December 31, 2031, the actuary provides the following additional data:
Service cost for 2031
Actual return on plan assets in 2031
Amortization of prior service cost
Contributions in 2031
Benefits paid to retirees in 2031
Settlement rate
Expected return rate
Average remaining service life of active employees (years)
On its 2031 Balance Sheet, reported Unexpected Gain or Loss should be
($85,175)
($94,967)
($72,768)
($92,779)
