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What amount should be reported for pension expense

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Question - Presented below is information related to Jensen Inc. pension plan for 2018.

Service cost $1,360,000

Actual return on plan assets 280,000

Interest on projected benefit obligation 520,000

Amortization of net loss 120,000

Amortization of prior service cost due to increase in benefits 220,000

Expected return on plan assets 240,000

What amount should be reported for pension expense in 2018?

$1,980,000

$1,940,000

$2,180,000

$1,700,000

Reference no: EM132048807

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