The projected benefit obligation was $200 million at the beginning of the year. The cost of the
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The projected benefit obligation was $200 million at the beginning of the year. The cost of the service for the year was $24 million. At the end of the year, the pension benefits paid by the trustee were $13 million and there were no other pension-related comprehensive income accounts that required amortization. The actuary's discount rate was 5%. The actual return on plan assets was $12 million, although it was expected to be only $11 million.
What was the pension expense for the year?
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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