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Compute the amount of pension expense reported

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Problem - Blossom, Inc. sponsors a defined-benefit pension plan. The following data relates to the operation of the plan for the year 2018.

Service cost $325000

Contributions to the plan 310000

Actual return on plan assets 250000

Projected benefit obligation (beginning of year) 3500000

Fair value of plan assets (beginning of year) 2300000

Required - The expected return on plan assets and the settlement rate were both 10%. Compute the amount of pension expense reported for 2018?

A. $445000.

B. $675000.

C. $325000.

D. $265000.

Reference no: EM132465382

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