The following information pertains to Havana Corporation's defined benefit pension plan: ($ in thousands) Projected benefit...
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The following information pertains to Havana Corporation's defined benefit pension plan: ($ in thousands) Projected benefit obligation Plan assets Prior service cost-AOCI Net loss-AOCI 2024 Beginning balances $ (6,400) 6,100 640 $ 760 2025 Beginning balances $ (6,904) 6,736 580 $ 826 At the end of 2024, Havana contributed $735 thousand to the pension fund and benefit payments of $634 thousand were made to retirees. The expected rate of return on plan assets was 10%, and the actuary's discount rate is 8%. There were no changes in actuarial estimates and assumptions regarding the PBO. What is the 2024 pension expense for Havana's plan? Multiple Choice $631 thousand $597 thousand $672 thousand None of these answer choices are correct. The following information pertains to Havana Corporation's defined benefit pension plan: ($ in thousands) Projected benefit obligation Plan assets Prior service cost-AOCI Net loss-AOCI 2024 Beginning balances $ (6,400) 6,100 640 $ 760 2025 Beginning balances $ (6,904) 6,736 580 $ 826 At the end of 2024, Havana contributed $735 thousand to the pension fund and benefit payments of $634 thousand were made to retirees. The expected rate of return on plan assets was 10%, and the actuary's discount rate is 8%. There were no changes in actuarial estimates and assumptions regarding the PBO. What is the 2024 pension expense for Havana's plan? Multiple Choice $631 thousand $597 thousand $672 thousand None of these answer choices are correct.
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