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Edamame Corp. had the following measures for its pension plan during the current year. Beginning PBO 700,000 Beginning plan assets 568,000 Service cost 87,000 Annual
Edamame Corp. had the following measures for its pension plan during the current year.
Beginning PBO | 700,000 | Beginning plan assets | 568,000 | ||
Service cost | 87,000 | Annual contribution | 150,000 | ||
Benefits paid | 40,000 | Expected long term rate of return | 8% | ||
Discount rate | 5% | Actual return | 42,300 |
Assuming no other relevant info, calculate pension expense for the year.
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