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Question

ESPNYahool gold-soulla Bing Yahoo Google Wikipedia Facebook Twiner Linked 17 Qulz Help Save&ExitSubmit; Scallion Compeny received the folowing reports of its defined beneft pension plan for the curment calendar year Salance, January 1 Service cost 410,000 Balance, January 193,000 Actual return 255,000 38,000 112,G00 (89,000) $316,000 ,000 Annual contribution (89,000) senetits paid Benefits paid Balance, Decesber 31 $553,000 Balance, December 31 The longterm expected rene of retum on pian assets is10%. Assuring no other data are relevant what is the pension expense for the year? Mutiple Choice 194.000 $255.000 232.000 MacBook Ai

Explanation / Answer

Service cost 193000 Interest cost 39000 Expected return on plan assets -25500 =255000*10% Pension expense 206500 Option 4 is correct

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