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LetsGo Inc. sponsors a defined benefit plan and determined that for the current year, service cost was $800,000, amortization of prior service cost was $5,760,
LetsGo Inc. sponsors a defined benefit plan and determined that for the current year, service cost was $800,000, amortization of prior service cost was $5,760, interest cost was $67,520, and the expected (and actual) return on plan assets was $57,600. LetsGo Inc. contributes $144,000 to the plan, and payments to retirees total $48,000
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