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Multiple Choice A. $193,000. B. $312,000. C. $225,000. D. $199,700. Bissell Company received the following reports of its defined benefit pension plan for the current
Multiple Choice
A. $193,000.
B. $312,000.
C. $225,000.
D. $199,700.
Bissell Company received the following reports of its defined benefit pension plan for the current calendar year: Balance, January 1 Service cost Interest cost Benefits paid Balance, December 31 Plan assets $470,000 Balance, January 1 190,000 Actual return 35,000 Annual contribution (86,000) Benefits paid $609,000 Balance, December 31 $253,000 32,000 111,000 (86,000) $310,000 The long-term expected rate of return on plan assets is 10%. Assuming no other data are relevant, what is the pension expense for the yearStep by Step Solution
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