Current Service Cost for a Defined Benefit Pension Plan Amounted

question 87

Essay

Current service cost for a defined benefit pension plan amounted to $7,800,000.This pension plan's assets generated $6,500,000 of income,which exceeded expectations by $570,000.Pension obligations incurred interest cost of $5,000,000,which were above expectations by $280,000.Amortizations during the year included $400,000 for past service cost and $57,000 of corridor amortization relating to actuarial gains.
Requirement:
Compute the amount of pension expense for the year.

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