Daikon Ltd.received the following information from its pension plan trustee concerning their defined benefit pension plan for calendar 2017.The corporation uses ASPE.
For 2017, the current service cost is $180,000.The interest rate on the liability is 10% and the actual rate of return on plan assets is 9%.The pension expense to be reported for 2017 is
A) $265,500.
B) $231,000.
C) $216,000.
D) $180,000.
Correct Answer:
Verified
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