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Problem #4 Pension Expense Calculation and Worksheet Dove Company currently funds a defined benefit pension plan for its employees. At the end of each year,
Problem \#4 Pension Expense Calculation and Worksheet Dove Company currently funds a defined benefit pension plan for its employees. At the end of each year, Dove receives a report from its actuary explaining changes in the projected benefit obligation during the year, and a report from its pension fund trustee explaining changes in the value of fund assets during the year. The report for 2023 is summarized below. All numbers are in $000 s. Assume that the average period of retirement for Dove's employees remains constant at 10 years, and that any unrecognized gain or loss is amortized only to the minimum extent required. REQUIRED: Compute pension expense (show details) and complete the following pension worksheet
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