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What is the pension expense for the year

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Problem - The following relates to the defined benefit pension plan for Whitefish Company for the year ended December 31, 2020.

Plan assets, Jan. 1 254,000

Projected Benefit Obligation, Jan. 1 430,000

Service cost 191,000

Interest cost 30,000

Actual return 39,000

Annual contribution 111,000

Benefits paid 89,000

Expected rate of return on plan assets 10%

Required - What is the pension expense for the year?

Reference no: EM133040515

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