Unformatted text preview: and expected return on plan assets $ 12,000 Benefits paid to retirees 40,000 Contributions (funding) 95,000 Interest/discount rate 10% Prior service cost amortization 8,000 PBO, January 1, 2010 500,000 Service cost 60,000 Compute pension expense for the year 2010:
9. Accounting for postretirement health care benefits is similar, in most respects, to
A. Payroll taxes.
B. Health insurance costs for current employees.
C. Pension benefits.
D. Sick pay and vacation pay. 3...
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- Spring '08
- Accounting, pension expense