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Presented below is pension information related to Sofa Inc. for the calendar year 2023:  Current service costs $ 288,000  Defined benefit expense for 2023 480,000  Expected and actual return on plan assets 72,000  Past service costs 48,000  The interest on the accrued pension obligation for 2023 is          a) $312,000.          b) $216,000.          c) $168,000.          d) $144,000.

Presented below is pension information related to Sofa Inc. for the calendar year 2023:  Current service costs $ 288,000  Defined benefit expense for 2023 480,000  Expected and actual return on plan assets 72,000  Past service costs 48,000  The interest on the accrued pension obligation for 2023 is          a) $312,000.          b) $216,000.          c) $168,000.          d) $144,000.

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 related to Sofa Inc. for the calendar year 2023:  Current service costs $ 288,000  Defined benefit expense for 2023 480,000  Expected and actual return on plan assets 72,000  Past service costs 48,000  The interest on the accrued pension obligation for 2023 is    

     a) $312,000.   

      b) $216,000.  

       c) $168,000.

         d) $144,000.

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