Duesbury Corporation amended its pension plan on January 1, 2019, and granted $120,000 of past service costs

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Duesbury Corporation amended its pension plan on January 1, 2019, and granted $120,000 of past service costs to its employees. The employees have an average time to vesting of 4 years. Current service cost for 2019 is $23,000, and net interest expense is $8,000. Compute pension expense for Duesbury in 2019.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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