Mason Company received the following reports of its defined benefit pension plan for the current...
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Mason Company received the following reports of its defined benefit pension plan for the current calendar year: PBO Balance, January 1 Service cost Interest cost Benefits paid Balance, December 31 Plan assets $430,000 Balance, January 1 200,000 Actual return 36,000 Annual contribution (81,000) Benefits paid $585,000 Balance, December 31 $255,000 36,000 115,000 (81,000) $325,000 The long-term expected rate of return on plan assets is 10%. Assuming no other data are relevant, what is the pension expense for the year? Multiple Choice $200,000. $266,000 o $210.500 $236.000
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