Question
The following pertains to the Cooper, Inc. pension plan for the year 2020: Service cost $75,000 Interest cost 42,000 Actual return on plan assets 45,000
The following pertains to the Cooper, Inc. pension plan for the year 2020:
| Service cost | $75,000 |
| Interest cost | 42,000 |
| Actual return on plan assets | 45,000 |
| Amortization of prior service costs | 20,000 |
| Asset loss | 5,000 |
Based on the information above what is the amount of pension expense reported for 2020?
Group of answer choices
$177,000
$87,000
92,000
97,000
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Cost Management Accounting And Control
Authors: Don R. Hansen, Maryanne Mowen
2nd Edition
0538864451, 978-0538864459
