Sandhill Company provides the following information about its defined benefit pension plan for the year 2025. Service cost Contribution to the plan $88,400 103,100 Prior service cost amortization 10,600 Actual and expected return on plan assets 64,800 Benefits paid 39,800 Plan assets at January 1, 2025 634,600 Projected benefit obligation at January 1, 2025 700,900 Accumulated OCI (PSC) at January 1, 2025 152,600 Interest/discount (settlement) rate 10% Compute the pension expense for the year 2025. Pension expense for 2025 $
Sandhill Company provides the following information about its defined benefit pension plan for the year 2025. Service cost Contribution to the plan $88,400 103,100 Prior service cost amortization 10,600 Actual and expected return on plan assets 64,800 Benefits paid 39,800 Plan assets at January 1, 2025 634,600 Projected benefit obligation at January 1, 2025 700,900 Accumulated OCI (PSC) at January 1, 2025 152,600 Interest/discount (settlement) rate 10% Compute the pension expense for the year 2025. Pension expense for 2025 $
Chapter19: Deferred Compensation
Section: Chapter Questions
Problem 35P
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Question
Transcribed Image Text:Sandhill Company provides the following information about its defined benefit
pension plan for the year 2025.
Service cost
Contribution to the plan
$88,400
103,100
Prior service cost amortization
10,600
Actual and expected return on plan assets
64,800
Benefits paid
39,800
Plan assets at January 1, 2025
634,600
Projected benefit obligation at January 1, 2025
700,900
Accumulated OCI (PSC) at January 1, 2025
152,600
Interest/discount (settlement) rate
10%
Compute the pension expense for the year 2025.
Pension expense for 2025
$
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