AMR Corporation (parent company of American Airlines) reported the following for 2007 (in millions). Service cost.................................................$370 Interest

Question:

AMR Corporation (parent company of American Airlines) reported the following for 2007 (in millions).

Service cost.................................................$370

Interest on P.B.O.........................................672

Return on plan assets.................................747

Amortization of prior service cost...............16

Amortization of net loss...............................25

Compute AMR Corporation’s 2007 pension expense.

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...