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Pension data for the Ben Franklin Company include the following for the current calendar year: Discount rate, 8% Expected return on plan assets, 10% Actual

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Pension data for the Ben Franklin Company include the following for the current calendar year: Discount rate, 8% Expected return on plan assets, 10% Actual return on plan assets, 9% Service cost, $150,000 Required: 1. Determine pension expense for the year. 2. Prepare the journal entries to record pension expense and funding for the year

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