Pension data for Goldman Company included the following for the current calendar year: Service cost ............ 750,000

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Pension data for Goldman Company included the following for the current calendar year:

Service cost ............ 750,000

PBO, January 1 .......... 800,000

Plan assets, January .......... 6,000

Amortization of prior service cost ...... 8%

Discount rate ............. 10%

Expected return on plan assets ....... 12%

Actual return on plan asset ...... $100,000

Required:

Determine pension expense for the year.

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Financial Reporting and Analysis

ISBN: 978-0078025679

6th edition

Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon

Question Posted: Jan 08, 2013 05:49 AM

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Pension data for Goldman Company included the following for the current calendar year: Service cost ............ 750,000

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Financial Reporting and Analysis

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