Presented below is information related to Sandhill Inc. pension plan for 2021. Service cost $ 1160000 Actual return on plan assets 248000 Interest on projected benefit obligation 480000 Amortization of net loss 100000 Amortization of prior service cost due to increase in benefits 200000 Expected return on plan assets 220000 What amount should be reported for pension expense in 2021?
Presented below is information related to Sandhill Inc. pension plan for 2021. Service cost $ 1160000 Actual return on plan assets 248000 Interest on projected benefit obligation 480000 Amortization of net loss 100000 Amortization of prior service cost due to increase in benefits 200000 Expected return on plan assets 220000 What amount should be reported for pension expense in 2021?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Presented below is information related to Sandhill Inc. pension plan for 2021.
| Service cost | $ | 1160000 | |
| Actual return on plan assets | 248000 | ||
| Interest on projected benefit obligation | 480000 | ||
| Amortization of net loss | 100000 | ||
| Amortization of prior service cost due to increase in benefits | 200000 | ||
| Expected return on plan assets | 220000 |
What amount should be reported for pension expense in 2021?
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