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At the beginning of the current year, Bridges Corporation has a net gainAccumulated Other Comprehensive Net Income of $80,000,000. The Projected Benefit Obligation and the
At the beginning of the current year, Bridges Corporation has a net gainAccumulated Other Comprehensive Net Income of $80,000,000. The Projected Benefit Obligation and the plan assets are $500,000,000 and $650,000,000 respectively. The average remaining service period for the employees to receive benefits is 15 years. What is the amount of amortization to pension expense for the year?
$1,000,000 |
$1,500,000 |
$2,000,000 |
$8,000,000 |
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