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There were no actuarial gains or losses at january 1 2013

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Reference no: EM13481459

The following information for Cooper Enterprises is given below:

  • December 31, 2013
  • Assets and obligations
  • Plan assets (at fair value) $200,000
  • Accumulated benefit obligation 370,000
  • Projected benefit obligation 400,000
  • Other Items
  • Pension asset / liability, January 1, 2013 10,000
  • Contributions 120,000
  • Accumulated other comprehensive loss 167,900

There were no actuarial gains or losses at January 1, 2013. The average remaining service life of employees is 10 years.
What is the pension expense that Cooper Enterprises should report for 2013?

Reference no: EM13481459

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