Question

The following information pertains to Lee Corporation’s defined benefit pension plan for 2014:
Service cost $160,000
Actual and expected return on plan assets 35,000
Amortization of prior service costs 5,000
Interest on pension obligation 50,000

Required:
Determine the pension expense that Lee Corporation would include in its 2014 net income.



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  • CreatedSeptember 10, 2014
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