Presented below is pension information related to woods inc, Ask an Expert

Accounting

Presented below is pension information related to Woods, Inc. for the year 2013. Service cost $85,000 Interest on projected benefit obligation $66,000 Interest on vested benefits $30,000 Amortization of prior service cost due to increase in benefits $44,000 Expected return on plan assets $21,000 The amount of pension expense to be reported for 2013 is

$109,000.

$153,000.

$174,000.

$123,000.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91967553

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