A company reported $430,000 of pension expense in its income statement. The company fully paid the amount of pension expense owed to the trustee. The balance sheet showed that the pension asset increased by $29,000 over the year.
Required:
How much cash was paid to the pension trustee during the period?

Question

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The Answer of A company reported $430,000 of pension expense in its income statement. The company fully paid the amount of pension expense owed to the trustee. The balance sheet showed that the pension asset increased by $29,000 over the year.
Required:
How much cash was paid to the pension trustee during the period?

A Company Reported $430,000 of Pension Expense in Its Income