Business, 01.12.2021 22:40 theweave2776
The following information is available for the pension plan of Pearl Company for the year 2020.
Actual and expected return on plan assets $15,300
Benefits paid to retirees 36,700
Contributions (funding) 87,600
Interest/discount rate 9%
Prior service cost amortization 7,600
Projected benefit obligation, January 1, 2020 510,000
Service cost 60,500
Required:
Compute pension expense for the year 2020.
Answers: 1
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The following information is available for the pension plan of Pearl Company for the year 2020.
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