Defined benefit obligation, Jan 1 Fair value of plan assets, Jan 1 Current service cost Contributions Interest
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Question:
Defined benefit obligation, Jan 1
Fair value of plan assets, Jan 1
Current service cost
Contributions
Interest rate for obligation
Expected & actual return on plan assets
Actuarial gain
Instructions
Talking:
$ 1,147,000
1,225,000
314,000
290,000
7%
6%
26,000
Calculate the pension expense to be reported for 2020.
Expert Answer:
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