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At the Beginning of the Current Year,Miller Company Has a Net

Question 90

Multiple Choice

At the beginning of the current year,Miller Company has a net gain-Accumulated Other Comprehensive Net Income of $30,000,000.The Projected Benefit Obligation and the plan assets are $225,000,000 and $175,000,000 respectively.The average remaining service period for the employees to receive benefits is 15 years.What is the amount of amortization to pension expense for the year?


A) $500,000
B) $833,333
C) $1,500,000
D) $3,333,333

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