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What Was PVE's Pension Expense for the Year

Question 74

Multiple Choice

What was PVE's pension expense for the year?


A) $250.
B) $50.
C) $68.
D) $62.Service cost (from PBO column) = $85 Interest cost (from PBO column) = $25
Expected return on assets (from plan assets column) = $(55)
Amortization of prior service cost = $60 54 (from prior service column) = $6
Amortization of net loss (from net loss column) = $1
Pension expense = $85 + 25 55 + 6 +1 = $62

Correct Answer:

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