calculate Blossom's pension expense for 2020 assuming that the company follow ASPE?. 333530 is...
60.1K
Verified Solution
Link Copied!
Question
Accounting
calculate Blossom's pension expense for 2020 assuming that the company follow ASPE?. 333530 is wrong answer so please give me the correct answer 
Blossom Corp. provides a defined contribution pension plan for its employees. The plan requires Blossom to contribute 5% of employees' gross pay to a fund trustee each year, Blossom's total payroll for 2020 was $2,897,000. At the start of 2020, Blossom revised the terms of the plan, which resulted in past service costs of $943,400. Blossom expects to realize the economic benefits from the plan change for at least five years, beginning in 2020
333530 is wrong answer so please give me the correct answer
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.