Harvey Hotels has provided a defined benefit pension plan for its employees for several years....
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Harvey Hotels has provided a defined benefit pension plan for its employees for several years. At the end of the most recent year, the following information was available with regard to the plan: service cost $8.0 million, expected return on plan assets $3.0 million, actual return on plan assets: $2.8 million interest cost $3,2 million, payments to retired employees: $3.8 million, and amortization of prior service cost created when the pension plan was amended causing a drop in the projected benefit obligation): $2.9 million What amount should Harvey Hotels report as pensin expense in its income statement for the year? Multiple Choice $11.3 million O $11.1 million $3.2 million O $14.1 million Harvey Hotels has provided a defined benefit pension plan for its employees for several years. At the end of the most recent year, the following information was available with regard to the plan service cost $8.0 million, expected return on plan assets: $3.0 million, actual return on plan assets: $2.8 million, interest cost $3.2 million, payments to retired employees $3.8 million and amortization of prior service cost (created when the pension plan was amended causing a drop in the projected benefit obligation): $2.9 million What amount should Harvey Hotels report as pension expense in its income statement for the year



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