FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Wildhorse Company provides the following information about its defined benefit pension plan for the year 2025.
Service cost
Contribution to the plan
Prior service cost amortization
Actual and expected return on plan assets
Benefits paid
Plan assets at January 1, 2025
Projected benefit obligation at January 1, 2025
Accumulated OCI (PSC) at January 1, 2025
Interest/discount (settlement) rate
Compute the pension expense for the year 2025.
Pension expense for 2025
$89,400
105,700
10,800
64,500
40,200
640,200
710,100
152,200
10%
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