Presented below is pension information for welch company, Ask an Expert

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Presented below is pension information for Welch Company for the year 2008:

Actual return on plan assets $24,000
Interest on vested benefits 15,000
Service cost 30,000
Interest on projected benefit obligation 21,000

Amortization of prior service cost due to increase in benefits 18,000

The amount of pension expense to be reported for 2008 is:

A) $93,000.

B) $69,000.

C) $60,000.

D) $45,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M995226

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