Computing the pension expense

Reference no: EM13122320

Bickner Company provides the following information about its defined benefit pension plan for the year 2010.

Service cost $90,000
Contributions to the plan 105,000
Prior service cost amortization 10,000
Actual and expected return on plan assets 64,000
Benefits paid 40,000
Plan assets a January 1, 2010 640,000
Projected Benefit Obligation at January 1, 2010 700,000
Accumulated OCI (PSC) at January 1, 2010 150,000
Interest/discount (settlement) rate 10%

Compute the pension expense for the year 2010.

Reference no: EM13122320

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