(Answered) Problem - pension data for sterling properties include the

Accounting

Problem - Pension data for Sterling Properties include the following:

($ in 000s)

Service cost, 2011 $ 112

Projected benefit obligation, January 1, 2011 850

Plan assets (fair value), January 1, 2011 900

Prior service cost-AOCI (2011 amortization, $8) 80

Net loss-AOCI (2011 amortization, $1) 101

Discount rate, 6%

Expected return on plan assets, 10%

Actual return on plan assets, 11%

Required: Determine pension expense for 2011.

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