On January 1, 2019, Chavez Corp. amended its pension plan, which granted additional benefits to its employees of $400,000. The company recorded the plan amendment to the pension benefit obligation and to OCI at the beginning of the year. The corridor for 2019 is $450,000. The employees affected by the prior service costs are expected to provide 2,000 service years in the future, with 500 service years in 2020. The average remaining service period for the company's employees is 10 years. Following FASB's preferred amortization method, how much amortization (if any) should the company record during 2019
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On January 1, 2019, Chavez Corp. amended its pension plan, which granted additional benefits to its...
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