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calculate Blossom's pension expense for 2020 assuming that the company follow ASPE?. 333530 is wrong answer so please give me the correct answer Blossom Corp.
calculate Blossom's pension expense for 2020 assuming that the company follow ASPE?.
Blossom Corp. provides a defined contribution pension plan for its employees. The plan requires Blossom to contribute 5% of employees' gross pay to a fund trustee each year, Blossom's total payroll for 2020 was $2,897,000. At the start of 2020, Blossom revised the terms of the plan, which resulted in past service costs of $943,400. Blossom expects to realize the economic benefits from the plan change for at least five years, beginning in 2020 333530 is wrong answer so please give me the correct answer
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