question archive Assume that Lakers has three players participating in its defined benefit pension plan
Assume that Lakers has three players participating in its defined benefit pension plan
Subject:AccountingPrice: Bought3
Assume that Lakers has three players participating in its defined benefit pension plan. Expected years of future service for these players at the beginning of 2020 are as follows. Player Future Years of Service James 3 Davis Rondo On January 1, 2020, Lakers amended its pension plan, increasing its projected benefit obligation by $72,000. Amount of prior service cost amortization for the years 2020 using the years-of-service method is Select one: O a. 12,000 O b. 18,000 O c. 6,000 O d. 7.200
