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Brief Exercise 17-10 (Algo) Pension expense; prior service cost [L017-6] The pension plan was amended last year, creating a prior service cost of $150 milion

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Brief Exercise 17-10 (Algo) Pension expense; prior service cost [L017-6] The pension plan was amended last year, creating a prior service cost of $150 milion Service cost and interest cost for the year were $40 million and $19 in respectively. At the end of the year, there was a negligible balance in the net golo pensions account. The actual return on plan assets was $19 million although it was expected to be $22 milion On average employees remaining service with the company is 15 years What was the fotai pension cost for the year? Amounts to be deducted should be indicated with a minus sign.) (in milions Pension cost 5

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