Compute the pension expense for the year 2025.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Carla Vista Company provides the following information about its defined benefit pension plan for the year 2025.
Service cost
Contribution to the plan
Prior service cost amortization
Actual and expected return on plan assets
Benefits paid
Plan assets at January 1, 2025
Projected benefit obligation at January 1, 2025
Accumulated OCI (PSC) at January 1, 2025
Interest/discount (settlement) rate
Compute the pension expense for the year 2025.
Pension expense for 2025 $
$88,200
104,300
9,100
65,200
39,900
651,700
690,700
147,300
10%
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