Apple dumpling inc sponsors a defined-benefit pension plan, Ask an Expert

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Apple Dumpling Inc. sponsors a defined-benefit pension plan. The following data relates to the operation of the plan for the year 2013. Service cost $320,000 Contributions to the plan $285,000 Actual return on plan assets $215,000 Projected benefit obligation $3,100,000 Fair value of plan assets $3,600,000 The expected return on plan assets and the settlement rate were both 9%. The amount of pension expense reported for 2013 is?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9970867

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