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Determine pension expense

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Reference no: EM131841303

Problem - Pension data for Sterling Properties include the following:

($ in 000s)

Service cost, 2011 $ 112 

Projected benefit obligation, January 1, 2011 850 

Plan assets (fair value), January 1, 2011 900 

Prior service cost-AOCI (2011 amortization, $8) 80 

Net loss-AOCI (2011 amortization, $1) 101 

Discount rate, 6%

Expected return on plan assets, 10%

Actual return on plan assets, 11%

Required: Determine pension expense for 2011.

Reference no: EM131841303

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