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Presented below is pension information for Oriole Company for the year 2026: Actual return on plan assets $75000 Interest on vested benefits 48000 Service cost 153000 Interest on projected benefit obligation 66000 Amortization of prior service cost due to increase in benefits 57000 If the actual return equals the expected return on plan assets, the amount of pension expense to be reported for 2026 is O $276000. $351000. O $201000. $189000.

Presented below is pension information for Oriole Company for the year 2026: Actual return on plan assets $75000 Interest on vested benefits 48000 Service cost 153000 Interest on projected benefit obligation 66000 Amortization of prior service cost due to increase in benefits 57000 If the actual return equals the expected return on plan assets, the amount of pension expense to be reported for 2026 is O $276000. $351000. O $201000. $189000.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Presented below is pension information for Oriole Company for the year 2026: Actual return on plan assets $75000 Interest on vested benefits 48000 Service cost 153000 Interest on projected benefit obligation 66000 Amortization of prior service cost due to increase in benefits 57000 If the actual return equals the expected return on plan assets, the amount of pension expense to be reported for 2026 is O $276000. $351000. O $201000. $189000.
Transcribed Image Text:Presented below is pension information for Oriole Company for the year 2026: Actual return on plan assets $75000 Interest on vested benefits 48000 Service cost 153000 Interest on projected benefit obligation 66000 Amortization of prior service cost due to increase in benefits 57000 If the actual return equals the expected return on plan assets, the amount of pension expense to be reported for 2026 is O $276000. $351000. O $201000. $189000.
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