Solution-Pension benefits paid by the trustee

Pension benefits paid by the trustee

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Reference no: EM131003230

1. The projected benefit obligation was $80 million at the beginning of the year. Service cost for the year was $10 million. At the end of the year, pension benefits paid by the trustee were $6 million and there were no pension-related other comprehensive income accounts requiring amortization. The actuary's discount rate was 5%. The actual return on plan assets was $5 million although it was expected to be only $4 million. What was the pension expense for the year?

Reference no: EM131003230

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Pension benefits paid by the trustee

Reference no: EM131003230

Reference no: EM131003230

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