A
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Financial Reporting & AnalysisHard

Stonebridge Corp. has a defined benefit pension plan with beginning PBO of $800M and plan assets of $700M. The discount rate is 5%, and expected return on assets is 6%. Service cost is $25M, actual return on assets is $50M, contributions are $30M, and benefits paid are $35M. Under US GAAP, what is the periodic pension cost reported in the income statement (excluding amortizations)?

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