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Determine pension expense for the year

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Reference no: EM131781953

Question - Pension data for Goldman Company included the following for the current calendar year:

Service cost $100,000

PBO, January 1 750,000

Plan assets, January 800,000

Amortization of prior service cost 6000

Discount rate 8%

Expected return on plan assets 10%

Actual return on plan asset 12%

Required: Determine pension expense for the year.

Reference no: EM131781953

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