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The following information is related to the pension plan of Long, Inc. for 2018. Actual return on plan assets Amortization of net gain $400,000 165,000 Amortization of prior service cost due to increase in benefits 300,000 Expected return on plan assets Interest on projected benefit obligation Service cost Pension expense for 2018 is: A) $2,430,000. B) $2,160,000. C) $2,100,000. D) $2,490,000. 460,000 725,000 1,700,000

The following information is related to the pension plan of Long, Inc. for 2018. Actual return on plan assets Amortization of net gain $400,000 165,000 Amortization of prior service cost due to increase in benefits 300,000 Expected return on plan assets Interest on projected benefit obligation Service cost Pension expense for 2018 is: A) $2,430,000. B) $2,160,000. C) $2,100,000. D) $2,490,000. 460,000 725,000 1,700,000

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter19: Accounting For Post Retirement Benefits
Section: Chapter Questions
Problem 6MC
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Pension expense for 2018 ? General accounting

The following information is related to the pension plan of Long, Inc. for 2018. Actual return on plan assets Amortization of net gain $400,000 165,000 Amortization of prior service cost due to increase in benefits 300,000 Expected return on plan assets Interest on projected benefit obligation Service cost Pension expense for 2018 is: A) $2,430,000. B) $2,160,000. C) $2,100,000. D) $2,490,000. 460,000 725,000 1,700,000
Transcribed Image Text:The following information is related to the pension plan of Long, Inc. for 2018. Actual return on plan assets Amortization of net gain $400,000 165,000 Amortization of prior service cost due to increase in benefits 300,000 Expected return on plan assets Interest on projected benefit obligation Service cost Pension expense for 2018 is: A) $2,430,000. B) $2,160,000. C) $2,100,000. D) $2,490,000. 460,000 725,000 1,700,000
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