resented below is pension information related to Pharoah, Inc. for the year 2021: Service cost $330000 Interest on projected benefit obligation 230000 Interest on vested benefits 112000 Amortization of prior service cost due to increase in benefits 52000 Expected return on plan assets 82000 The amount of pension expense to be reported for 2021 is $642000.
resented below is pension information related to Pharoah, Inc. for the year 2021: Service cost $330000 Interest on projected benefit obligation 230000 Interest on vested benefits 112000 Amortization of prior service cost due to increase in benefits 52000 Expected return on plan assets 82000 The amount of pension expense to be reported for 2021 is $642000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Presented below is pension information related to Pharoah, Inc. for the year 2021:
Service cost | $330000 | ||
Interest on projected benefit obligation | 230000 | ||
Interest on vested benefits | 112000 | ||
Amortization of prior service cost due to increase in benefits | 52000 | ||
Expected return on plan assets | 82000 |
The amount of pension expense to be reported for 2021 is
$642000.
$724000.
$530000.
$478000.
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