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Exercise 20-2 Pharoah Company provides the following information about its defined bed pension plan for the year 2017. Service cost Contribution to the plan Prior

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Exercise 20-2 Pharoah Company provides the following information about its defined bed pension plan for the year 2017. Service cost Contribution to the plan Prior service cost amortization Actual and expected return on plan assets Benefits paid Plan assets at January 1, 2017 Projected benefit obligation at January 1, 2017 Accumulated OCI (PSC) at January 1, 2017 Interest/discount (settlement) rate $ 91,800 103,500 9,400 63,200 39,700 647,900 712,300 147,400 10 % Compute the pension expense for the year 2017, Pension expense for 2017 s LINK TO TEXT LINK TO TEXT LINK TO TEXT

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