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What is the pension expense that cooper enterprises report

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Reference no: EM131819342

Question - The following information for Cooper Enterprises is given below:

December 31, 2013

Assets and obligations

Plan assets (at fair value) $200,000

Accumulated benefit obligation 370,000

Projected benefit obligation 400,000

Other Items

Pension asset / liability, January 1, 2013 10,000

Contributions 120,000

Accumulated other comprehensive loss 167,900

There were no actuarial gains or losses at January 1, 2013. The average remaining service life of employees is 10 years.

What is the pension expense that Cooper Enterprises should report for 2013?

a. $152,100

b. $220,000

c. $120,000

d. $167,900

Reference no: EM131819342

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