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The Smithsen Corp has maintained a defined benefit pension plan for its employee...
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The Smithsen Corp has maintained a defined benefit pension plan for its employees for a number of years. At the end of the most recent year, the following information was available: service cost $290,000, Funding $240,000, ERPA $41,000, ARPA $48,000, Interest on PBO $68,000, and amortisation of PSC (created when the pension plan was amended causing an increase in the PBO) $33,000. Basis above info, what amount should be reported as pension expense on the IS for current year
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