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Compute the pension expense for the year

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Question - Bickner Company provides the following information about its defined benefit pension plan for the year 2010.

Service cost $90,000

Contributions to the plan 105,000

Prior service cost amortization 10,000

Actual and expected return on plan assets 64,000

Benefits paid 40,000

Plan assets a January 1, 2010 640,000

Projected Benefit Obligation at January 1, 2010 700,000

Accumulated OCI (PSC) at January 1, 2010 150,000

Interest/discount (settlement) rate 10%

Compute the pension expense for the year 2010.

Reference no: EM131786683

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