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What is the prepaid pension cost on december

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Reference no: EM132971034

Problem - Red Company adopted a defined benefit plan on January 1, 20x1. The pension funding payment is made to the trustee on December 31 each year.

20x1 20x2

Service cost 1,500,000 1,650,000

Funding payment 1,700,000 1,850,000

Interest on defined benefit obligation 150,000

Interest income and actual return on plan assets 170,000

Required - What is the prepaid pension cost on December 31, 20x2?

Reference no: EM132971034

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