Blossom Corporation has a defined-benefit pension plan covering its 1460 employees. Blossom agrees to amend...
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Blossom Corporation has a defined-benefit pension plan covering its 1460 employees. Blossom agrees to amend its pension benefits. The prior service cost associated with the amendment is $813120. The employees are grouped according to expected years of retirement, as follows: Using the straight-line amortization over average remaining service life approach, what is the annual amount of Prior Service Cost amortization recognized in 2026
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