Pension data for goldman company included the following for, Ask an Expert

Accounting

Pension data for Goldman Company included the following for the current calendar year:

service cost $100,000
PBO, January 1 750,000
plan assets, Janauary 800,000
amortization of prior service cost 6000
dsicount rate 8%
expected return on plan assets 10%
actual return on plan asset 12%

Required:

Determine pension expense for the year.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9416960

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