Presented below is pension information related to baked, Ask an Expert

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Presented below is pension information related to Baked Goods, Inc. for the year 2013.

Service cost $85,000
Interest on projected benefit obligation $52,000
Interest on vested benefits $28,000
Amortization of prior service cost due to increase in benefits $15,000
Expected return on plan assets $56,000

The amount of pension expense to be reported for 2013 is:

a) $81,000.

b) $124,000.

c) $180,000.

d) $96,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M952360

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