Business
Business, 17.08.2019 16:20, davisdarby2

Smith, inc. has a pension plan with the following data available for 2018 and 2019: 2018 2019 service cost $ 30,000 $ 34,000 interest cost $ 18,000 $ 20,000 actual return on plan assets $ 15,000 $ 21,600 beginning of year plan assets $ 200,000 $ 240,000 discount rate 8 % 8 % expected return on plan assets 8 % 8 % mith’s pension expense for 2019 is:

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