What was the pension expense for the year

Reference no: EM13125455

The pension plan was amended last year, creating a prior service cost of $20 million. Service cost and interest cost for the year were $20 million and $6 million, respectively. At the end of the year, there was a negligible balance in the net gain-pensions account. The actual return on plan assets was $1 million although it was expected to be $6 million. On average, employees' remaining service life with the company is 18 years.

What was the pension expense for the year? (Enter your answer in millions rounded to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.)

Reference no: EM13125455

Questions Cloud

Expression for the aggregate expenditure curve : We now incur shocks as provided in red font. Solve for a new expression of the consumption function and aggregate expenditure curve, solve for the new equilibrium output and add this new equilibrium point to both of your diagrams (label as point B..

Generation and use of a standard curve and serial dilutions : Generation and use of a standard curve and serial dilutions, This lab provided a 100mM Glucose standard solution which you are required to dilute with water to give final concentrations of 0,0.4,0.8,1.2,1.6 and 2.0 mmol/L glucose in a final volume..

Determine mean number of news shows watched : Now they need your help to determine if the mean number of news shows watched in your neighborhood is similar to the national mean.

Explain combustion reaction : Combustion reaction, A fuel has the following weight percentage composition, C = 52%, H = 11%, S = 0%, O = 9%, moisture = 13%, Ash = 15%

What was the pension expense for the year : The actual return on plan assets was $1 million although it was expected to be $6 million. On average, employees' remaining service life with the company is 18 years.

What is the density of lead : What is the density of lead (in ) if a rectangular bar measuring 0.500 in height, 1.55 in width, and 25.00 in length has a mass of 220.9 ?

Illustrate what is the amount of each payment : The loan payments are semiannual with the first payment due in six months, and interest is calculated at 6% (annual percentage). Illustrate what is the amount of each payment.

What is the change in the volume : When scuba diving, it is important to come back to the surface of the water from deep dives slowly. If this does not happen, then the diver can get the ?bends?.

How many atoms of carbon are present : How many atoms of carbon are present in 73 g of a compound that is 83.3% carbon, by weight?

User Account

All Pages