AMR Corporation (parent company of American Airlines) reported the following for 2011 (in millions). Service cost .......... $366 Interest on
Service cost .......... $366
Interest on P.B.O. ........ 737
Return on plan assets ...... 593
Amortization of prior service cost ... 13
Amortization of net loss ..... 154
Compute AMR Corporation’s 2011 pension expense.
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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Chapter # 20
Section: Brief Exercises
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Question Posted: June 03, 2013 02:57:30