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Find the amount of pension expense to be reported

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Reference no: EM133153334

Question - Presented below is pension information related to MJ Inc. for the year 2021:

Service cost $420,000

Interest on projected benefit obligation 270,000

Interest on vested benefits 120,000

Amortization of prior service cost due to increase in benefits 60,000

Expected return on plan assets 80,000

Actual return on plan assets 100,000

Find the amount of pension expense to be reported for 2021?

Reference no: EM133153334

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