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please and thanks Presented below is information related to Marley Inc. pension data for 2011. Service cost $600,000 Amortization of unrecognized net loss 50,000 Amortization
please and thanks
Presented below is information related to Marley Inc. pension data for 2011. Service cost $600,000 Amortization of unrecognized net loss 50,000 Amortization of unrecognized prior service cost 165,000 Actual return on plan assets 65,00 Projected benefit obligation at January 1, 2011 800,000 Plan assets at January 1, 2011 750,000 Contribution (funding) 300,000 Benefits paid to retirees 200,000 Settlement rate 8% Expected rate of return 6% Required: Calculate pension expense for 2011 Prepare the journal to record the pension expenseStep by Step Solution
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