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Daikon Ltd

Question 70

Multiple Choice

Daikon Ltd.received the following information from its pension plan trustee concerning their defined benefit pension plan for calendar 2017.The corporation uses ASPE. 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. 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.

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