Pension data for Goldman Company included the following for the current calendar year:Service cost$ 106,000PBO,...
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Accounting
Pension data for Goldman Company included the following for the current calendar year:
Service cost$ 106,000PBO, January 1780,000Plan assets, January 1830,000Amortization of prior service cost6,300Amortization of net loss2,300Discount rate, 8%Expected return on plan assets, 10%Actual return on plan assets, 12%
Required:
Determine pension expense for the year.
Note: Amounts to be deducted should be indicated with a minus sign.
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