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Business, 21.04.2020 17:23 graymonky12

The following information pertains to Lee Corp.'s defined benefit pension plan for year 2:Service cost $160,000Actual and expected gain on plan assets 35,000Unexpected loss on plan assets related to a year 1 disposal of a subsidiary 40,000Amortization of unrecognized prior service cost 5,000Annual interest on pension obligation 50,000What amount should Lee report as pension cost in its year 2 income statement?

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