Question: Pension data for Sterling Properties include the following: (S in 000s) $127 560 600 Service cost, 2016 Projected benefit obligation, January 1, 2016 Plan assets
Pension data for Sterling Properties include the following: (S in 000s) $127 560 600 Service cost, 2016 Projected benefit obligation, January 1, 2016 Plan assets (fair value), January 1, 2016 Prior service cost-AOocI (2016 amortization, $8) Net loss-AOCI (2016 amortization, $1) Interest rate, 5% Expected return on plan assets, 9% Actual return on plan assets, 10% 92 113 Required: Determine pension expense for 2016. (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.) Pension Expense Pension expense
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