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During the current year, Vander Esch Industries contributed $150,000 to its defined benefit pension plan and $90,000 was distributed from the plan to retired employees.
During the current year, Vander Esch Industries contributed $150,000 to its defined benefit pension plan and $90,000 was distributed from the plan to retired employees. By how much is Vander Esch's cash account reduced during the year based on these transactions?
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$90,000
$60,000
$240,000
$150,000
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