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File Edit View History Bo Window Help ney ESPN Yahool gold-soul.la women's sw... shophearts Cloud Job Description Bing Yahoo Google Wikipedia Facebook r 17 Quiz Help Save The following information is related to the defined benefit penslon plan of Simpson Company for the year Service cost Contributions to pension plan Benefits paid to retirees Plan assets (fair value), January 1 Plan assets (fair value), December 31 Actual return on plan assets PBO, January 1 FBO, December 31 Discount rate Long-term expected return on plan assets s 95,000 147,000 114,000 550,000 665,000 82,000 820, 000 883,000 n)P 101 93 Assuming no other relevant data exist, what is the pension expense for the year? Multiple Choice 595000 126,500 Prev 6 of 10 Next > 27 MacBook Air

Explanation / Answer

Answer :  $127,500

Explanation :

Pension Expense =  Service Cost + Interest cost - Expected return on plan asset

= $95,000 + $82,000 - $49,500 = $127,500

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