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the following information pertains to Kane Co.s defined pension plan for 2008:

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the following information pertains to Kane Co.s defined pension plan for 2008: cost;Pension Asset/Liablility Jan 1 2,000dr;service cost 19,000;interest cost 38,000;actural return on plan asset 22,000;amortization of unrecognized prior service 52,000;employer contributions 40,000;expected return on plan assets 18,000;in its December 31, 2008 balance sheet, what amount should Kane report as pension asset/liability?

 

Paper#25460 | Written in 18-Jul-2015

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