Question
Pension data for Sterling Properties include the following: Service cost, 2024 Projected benefit obligation, January 1, 2024 Plan assets (fair value), January 1, 2024
Pension data for Sterling Properties include the following: Service cost, 2024 Projected benefit obligation, January 1, 2024 Plan assets (fair value), January 1, 2024 Prior service cost-AOCI (2024 amortization, $9) Net loss-AOCI (2024 amortization, $2) Interest rate, 8% Expected return on plan assets, 12% Actual return on plan assets, 13% Required: Determine pension expense for 2024. ($ in thousands) $ 116 550 600 88 109 Note: Enter your answers in thousands (i.e., 10,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign. Pension Expense Pension expense $ 0
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Intermediate Accounting
Authors: David Spiceland
11th Edition
1264134525, 9781264134526
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