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Calculate the pension expense for the fiscal year end

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Reference no: EM132925117

Problem - Larkspur Inc. provided you with the following information pertaining to its 2020 fiscal year end:

Current service cost $155,000

Return on plan assets (actual) 204,000

Defined benefit obligation, January 1, 2020 1,473,000

Plan Assets, January 1, 2020 1,326,000

Contributions made to the plan (made July 1, 2020) 182,000

Discount rate (return on corporate bonds) 6%

Required - Calculate the pension expense for the 2020 fiscal year end. Larkspur reports under IFRS.

Reference no: EM132925117

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