AMR Corporation (parent company of American Airlines) reported the following for 2009 (in millions). Service cost ...........
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Service cost ........... $333
Interest on P.B.O. ......... 712
Return on plan assets ........ 566
Amortization of prior service cost ... 13
Amortization of net loss ....... 145
Compute AMR Corporation’s 2009 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...
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