Question: please help me answer this by finding out the pension expense for the year. please help me andwer this asap Bissell Company received the following
please help me answer this by finding out the pension expense for the year. please help me andwer this asap
Bissell Company received the following reports of its defined benefit pension plan for the current calendar year. PBO Balance, January 1 Service cost Interest cost Benefits paid Balance, December 31 Plan assets $450,000 Balance, January 1 190,000 Actual return 34,000 Annual contribution (85,000) Benefits paid $589,000 Balance, December 31 $252,000 36,000 114,000 185,000) $317,000 46:33 The long-term expected rate of return on plan assets is 10%. Assuming no other data are relevant what is the persion experse for the year Multiple Choice $296,000 $198.800
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