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Bro Company provided the following information for the current year: Current service cost520,000 Actual return on plan assets810,000 Interest expense on PBO590,000 Interest income on
Bro Company provided the following information for the current year:
Current service cost520,000
Actual return on plan assets810,000
Interest expense on PBO590,000
Interest income on plan assets350,000
Loss on plan settlement240,000
Past service cost during the year360,000
Contribution to the plan1,500,000
1. What is the employee benefit expense for the current year?
2. What is the measurement gaines or loss?
3. What is the total defined benefit cost?
4. What is the prepaid or accrued cost for the year?
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