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Presented below is pension information for Welch Company for the year 2008:

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solution


Question

Presented below is pension information for Welch Company for the year 2008;Actual return on plan assets $24,000;Interest on vested benefits 15,000;Service cost 30,000;Interest on projected benefit obligation 21,000;Amortization of prior service cost due to increase in benefits 18,000;The amount of pension expense to be reported for 2008 is;A) $93,000.;B) $69,000.;C) $60,000.;D) $45,000.

 

Paper#25567 | Written in 18-Jul-2015

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