Smith, Inc. has a pension plan with the following data available for 20X1 and 20X2:
20X1 20X2
Service cost $ 30,000 $ 34,000 Interest cost $ 18,000 $ 20,000 Actual return on plan assets $ 15,000 $ 21,600 Beginning of year plan assets $ 200,000 $ 240,000 Discount rate 8 % 8 %
Expected return on plan assets 8 % 8 %
The adjustment to OCI for gain or loss from the return on plan assets for 20X2 is:
Multiple Choice
$0.
$2,400 loss.
$2,400 gain.
unknown from information provided.