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Using the following information, compute (1) pension expense, (2) changes in PBO, and (3) changes in plan assets during the year. Service cost $366 Interest
Using the following information, compute (1) pension expense, (2) changes in PBO, and (3) changes in plan assets during the year.
Service cost $366
Interest on PBO $737
Actual and expected return on plan assets $593
Amortization of prior service cost $13
Amortization of net loss $154
Benefits paid to retirees $40
Contribution to plan assets $50
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