The following information is related to the defined benefit pension plan of Dreamworld Company for the year: Service cost $ 61,000 Contributions to pension plan 111,000 Benefits paid to retirees 156,000 Plan assets (fair value), January 1 643,000 Plan assets (fair value), December 31 750,000 Actual return on plan assets 152,000 PBO, January 1 910,000 PBO, December 31 906,000 Discount rate 10 % Long-term expected return on plan assets 9 % Assuming no other relevant data exist, what is the pension expense for the year?
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Home » Business » The following information is related to the defined benefit pension plan of Dreamworld Company for the year: Service cost $ 61,000 Contributions to pension plan 111,000 Benefits paid to retirees 156,000 Plan assets (fair value), January 1 643,000