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Write the solution to these problems. Question 2 3 pts 1. The relationship between the cash contribution and the amount reported for pension expense is
Write the solution to these problems.
Question 2 3 pts 1. The relationship between the cash contribution and the amount reported for pension expense is as follows: pension expense must equal the cash contribution, pension expense will be less than the cash contribution pension expense will be more than the cash contribution pension expense may be greater than equal to or less than the cash contribution 2. Koble, Inc. sponsors a defined bencht pension plan. The following data relates to the operation of the plan for the year 2008 Service cost $344,000 Contributions to the plan $378,400 $309.600 Actual return on plan assets Fair value of plan assets (beginning of year) PBO (beginning of year) $2,752,000 $4,128.000 The expected return on plan assets and the settlement rate were both 10%. The amount of pension expense reported for 2008 is $756,800 5481.600 $447.200 $344,000
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