Solution-What was the increase or decrease in pension

What was the increase or decrease in pension expense

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1. The projected benefit obligation and plan assets were $80 million and $100 million, respectively, at the beginning of the year. Due primarily to favorable stock market performance in recent years, there also was a net gain of $30 million. On average, employees' remaining service life with the company is 10 years. As a result of the net gain, what was the increase or decrease in pension expense for the year?

Reference no: EM131003204

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What was the increase or decrease in pension expense

Reference no: EM131003204

Reference no: EM131003204

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