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What is the prepaid or accrued benefit cost for the year

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Reference no: EM132992379

Question - Brad Company provided the following information for the current year:

Current service cost 520,000

Actual return on plan assets 810,000

Interest expense on PBO 590,000

Interest income on plan assets 350,000

Loss on plan settlement 240,000

Past service cost during the year 360,000

Contribution to the plan 1,500,000

Required -

1. What is the employee benefit expense for the current year?

2. What is the remeasurement gain or loss?

3. What is the total defined benefit cost?

4. What is the prepaid or accrued benefit cost for the year?

Reference no: EM132992379

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