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The following information pertains to Lee Corp's defined benefit pension plan for 20X8: Service cost $160,000 Actual & expected return on plan assets 35,000 Unexpected
The following information pertains to Lee Corp's defined benefit pension plan for 20X8: Service cost $160,000 Actual & expected return on plan assets 35,000 Unexpected loss on plan assets related to a 20X8 disposal of a segment 40,000 Amortization of unrecognized prior service cost 5,000 Annual interest on pension obligation 50,000 What amount should Lee report as pension expense in its 20X8 income statement? a. $250,000 b. $220,000 c. $210,000 d. $180,000
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