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Compute the amount of pension expense to be reported

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Problem - Presented below is pension information related to Baked Goods, Inc. for the year 2013.

Service cost $96,000

Interest on projected benefit obligation $64,000

Interest on vested benefits $15,000

Amortization of prior service cost due to increase in benefits $19,800

Expected return on plan assets $24,000

The amount of pension expense to be reported for 2013 is:

$170,800.

$194,800.

$155,800.

$136,000.

Reference no: EM131831450

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