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Determine the pension expense for the year

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

Actual and expected return on plan assets $13,800

Benefits paid to retirees 38,400

Contributions (funding) 79,900

Interest/discount rate 10% Prior service cost amortization 7,800

Projected benefit obligation, January 1, 2017 452,000

Service cost 54,700

Determine the pension expense for the year 2017.

Reference no: EM132448021

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