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Business, 06.03.2022 14:00 Ailyt2543

Scott Hobson Enterprises has a defined benefit pension plan. At the end of the reporting year, the following data were available: beginning PBO, $86,000; service cost, $17,000; interest cost, $6,300; benefits paid for the year, $10,000; ending PBO, $99,300; and the expected return on plan assets, $10,500. There were no other pension-related costs. The journal entry to record the annual pension costs will include a debit to pension expense for:

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Scott Hobson Enterprises has a defined benefit pension plan. At the end of the reporting year, the f...
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