The following refers to the pension spreadsheet (columns have missing amounts) for the current year for Pancho Villa Enterprises (PVE).
- What was PVE's pension expense for the year?

Question

The following refers to the pension spreadsheet (columns have missing amounts) for the current year for Pancho Villa Enterprises (PVE). 
- What was PVE's pension expense for the year?

Quizplus · Accepted Answer

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

The Following Refers to the Pension Spreadsheet (Columns Have Missing