Duesbury Corporation amended its pension plan on January 1, 2015, and granted ($120),000 of past service costs
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Duesbury Corporation amended its pension plan on January 1, 2015, 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 2015 is \($23\),000, and net interest expense is \($8\),000. Compute pension expense for Duesbury in 2015.
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Related Book For
Intermediate Accounting IFRS Edition
ISBN: 9781118443965
2nd Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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