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The following information is related to the pension plan of Larry, Inc. for 2011. Actual return on plan assets $20,000 Amortization of net gain 8,250 Amortization of prior service cost due to increase in benefits 15,000 Expected return on plan assets 23,000 Interest on projected benefit obligation 36,250 Service cost 90,000 Pension expense for 2011 is

a. $129,500.

b. $126,500.

c. $113,000.

d. $110,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M939644

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