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Business, 03.04.2020 22:39 erinxmeow8

Fox Company received the following reports of its defined benefit pension plan for the current calendar year: PBO Plan assets Balance, January 1$690,000 Balance, January 1$590,000 Service cost 362,000 Actual return 60,000 Interest cost 72,000 Annual contribution 223,000 Benefits paid (93,000) Benefits paid (93,000) Balance, December 31$1,031,000 Balance, December 31$780,000 The long-term expected rate of return on plan assets is 8%. Assuming no other data are relevant, what is the pension expense for the year

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