Determine the pension expense of lee corporation

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Reference no: EM131791862

Question: The following information pertains to Lee Corporation's defined benefit pension plan for 2014:

Service cost $160,000

Actual and expected return on plan assets 35,000

Amortization of prior service costs 5,000

Interest on pension obligation 50,000

Required: Determine the pension expense that Lee Corporation would include in its 2014 net income.

Reference no: EM131791862

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