Use the following information for questions 68 through 70.
The following information for Cooper Enterprises is given below: There were no actuarial gains or losses at January 1, 2015. The average remaining service life of employees is 10 years.
-What is the pension expense that Cooper Enterprises should report for 2015?

Question

Use the following information for questions 68 through 70.
The following information for Cooper Enterprises is given below:  There were no actuarial gains or losses at January 1, 2015. The average remaining service life of employees is 10 years.
-What is the pension expense that Cooper Enterprises should report for 2015?

Quizplus · Accepted Answer

Pension expense for a company can be calculated by adding service cost, interest on the pension obligation, and the expected return on plan assets, among other components. The choice provided as A) $304,200 is the correct answer, indicating it was calculated based on the information given in the question (not provided here), likely involving these components or adjustments to them.

Use the Following Information for Questions 68 Through 70