The following information is related to the pension plan of Gamekeeper, Inc. for 2017:

Business

1 answer:

kvv77 [185]2 years ago

4 0

Answer:

a. $1,615,000

Explanation:

Calculation for what the Pension expense for 2017 is:

Service cost, $1,295,000

Add Interest on the projected benefit obligation $580,000

Less Expected return on plan assets, ($368,000) Less amortization of net gain ($132,000)

Add amortization of PSC, $240,000

Pension expense $1,615,000

Therefore Pension expense for 2017 is:$1,615,000

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