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Current Attempt in Progress Nash Company provides the following information about its defined benefit pension plan for the year 2020, Service cost Contribution to
Current Attempt in Progress Nash Company provides the following information about its defined benefit pension plan for the year 2020, Service cost Contribution to the plan $201,000 253,000 Prior service cost amortization 35,000 Actual and expected return on plan assets 117,000 Benefits paid 221,000 Plan assets at January 1, 2020. 1.375.000 Projected benefit obligation at January 1, 2020 1,888,000 Accumulated OCI (PSC) at January 1, 2020 323,000 Interest/discount (settlement) rate 11 % Compute the pension expense for the year 2020. Pension expense for 2020 $
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