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Determining Pension Expense The following information pertains to Qdobe Corporation's defined benefit pension plan for the year. Service cost Actual and expected gain on
Determining Pension Expense The following information pertains to Qdobe Corporation's defined benefit pension plan for the year. Service cost Actual and expected gain on plan assets $512,000 112,000 Actuarial loss on PBO incurred during the year 128,000 Amortization of unrecognized prior service cost Annual interest on pension obligation 16,000 160,000 What amount should Qdobe report as pension expense in its income statement? Assume no beginning balance in Accumulated OCI-Pension Gain/Loss. Pension expense $
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