Bissell Company received the following reports of its defined benefit pension plan for the current...
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Accounting
Bissell Company received the following reports of its defined benefit pension plan for the current calendar year. PBO Balance, January 1 Service cost Interest cost Benefits paid Balance, December 31 Plan assets $480,000 Balance, January 1 190,000 Actual return 33,00 Annual contribution (85,000) Benefits paid $618,000 Balance, December 31 $254,000 33,000 116,000 (85,000) $318, eee The long-term expected rate of return on plan assets is 10%. Assuming no other data are relevant, what is the pension expense for the year
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