Question: Please explain how you got your answer 3) Pension data for Goldman Company included the following for the current calendar year: Service cost PBO, January
Please explain how you got your answer
3) Pension data for Goldman Company included the following for the current calendar year: Service cost PBO, January 1 Plan assets, January 1 Amortization of prior service cost Amortization of net loss Discount rate, 6% Expected return on plan assets, 8% Actual return on plan assets, 10% $134,000 680,000 730,000 5300 1300 Required: Determine pension expense for the year. (Amounts to be deducted should be indicated with a minus sign.) Pension Expense Pension expense
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