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Compute pension expense for the year

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Question - The following information is available for the pension plan of Larkspur Company for the year 2017.

Actual and expected return on plan assets $15,400

Benefits paid to retirees 38,500

Contributions (funding) 90,500

Interest/discount rate 9%

Prior service cost amortization 8,200

Projected benefit obligation, January 1, 2017 507,000

Service cost 63,500

Required - Compute pension expense for the year 2017.

Reference no: EM132527946

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