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Pension data for the Cookie Monster Company included the following for the current calendar year:

Service Cost $115,000

PBO, Jan 1 755,000

Plan Assets, Jan 1 810,000

Amortization of prior service cost 7,000

Amortization of net loss 3,000

Discount Rate= 9%

Actual return on Assets=10%

Expected Return on Plan assets=9%

Determine the amount of pension expense.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M950489

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