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Exercise 20-1 The following information is available for the pension plan of Nash Company for...

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Accounting

Exercise 20-1

The following information is available for the pension plan of Nash Company for the year 2017.
Actual and expected return on plan assets $ 13,600
Benefits paid to retirees 43,400
Contributions (funding) 92,100
Interest/discount rate 10 %
Prior service cost amortization 7,600
Projected benefit obligation, January 1, 2017 481,000
Service cost 63,300
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Compute pension expense for the year 2017.

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