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Presented below is information related to Blossom Inc. pension plan for 2021. Service cost $ 710000 Actual return on plan assets 176000 Interest on projected
Presented below is information related to Blossom Inc. pension plan for 2021.
| Service cost | $ | 710000 | |
| Actual return on plan assets | 176000 | ||
| Interest on projected benefit obligation | 390000 | ||
| Amortization of net loss | 55000 | ||
| Amortization of prior service cost due to increase in benefits | 155000 | ||
| Expected return on plan assets | 175000 |
What amount should be reported for pension expense in 2021?
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Horngrens Accounting The Managerial Chapters
Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
11th Global Edition
1292105879, 978-1292105871
