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Blossom Company provides the following information about its defined benefit pension plan for the year 2025. Service cost Contribution to the plan Prior service cost
Blossom Company provides the following information about its defined benefit pension plan for the year 2025. Service cost Contribution to the plan Prior service cost amortization Actual and expected return on plan assets Benefits paid Plan assets at January 1, 2025 Projected benefit obligation at January 1, 2025 Accumulated OCI (PSC) at January 1, 2025 Interest/discount (settlement) rate Compute the pension expense for the year 2025. Pension expense for 2025 $ $88,500 107,100 10,600 63,100 40,800 648,000 688,100 148,600 11%
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