Pension data for Sterling Properties include the following:


Question Description:

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Pension data for Sterling Properties include the following: ($ in 000s) Service cost, 2011 $ 112 Projected benefit obligation, January 1, 2011 850 Plan assets (fair value), January 1, 2011 900 Prior service cost–AOCI (2011 amortization, $8) 80 Net loss–AOCI (2011 amortization, $1) 101 Discount rate, 6% Expected return on plan assets, 10% Actual return on plan assets, 11% Required: Determine pension expense for 2011. (Enter your answer in thousands. Omit the “$” sign in your response.)

Answer

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