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Presented Below Is Pension Information Related to Sofa Inc The Pension Expense to Be Reported for 2020 Is
A)

Question 49

Multiple Choice

Presented below is pension information related to Sofa Inc. for the calendar year 2020.  Current service costs...................................................... $288,000 Interest on accrued benefit obligation...........................216,000 Expected and actual return on plan assets..................72,000 Past service costs ......................................................48,000\begin{array}{ll}\text{ Current service costs...................................................... } & \$ 288,000 \\\text{ Interest on accrued benefit obligation} ........................... & 216,000 \\\text{ Expected and actual return on plan assets}.................. & 72,000 \\\text{ Past service costs } ...................................................... & 48,000 \\ \end{array}
The pension expense to be reported for 2020 is


A) $ 432,000.
B) $ 480,000.
C) $ 576,000.
D) $ 648,000.

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