Duesbury Corporation amended its pension plan on January 1, 2022, and granted $120,000 of past service costs
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Duesbury Corporation amended its pension plan on January 1, 2022, and granted $120,000 of past service costs to its employees. The employees have an average time to vesting of 4 years. Current service cost for 2022 is $23,000, and net interest expense is $8,000. Compute pension expense for Duesbury in 2022.
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Related Book For
Intermediate Accounting IFRS
ISBN: 9781119607519
4th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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