Hubbard, Inc.received the following information from its pension plan trustee concerning the operation of the company's defined-benefit pension plan for the year ended December 31, 2016. 
The service cost component of pension expense for 2016 is $840,000 and the past service cost due to an increase in benefits is $180,000 effective January 1, 2016.The discount rate is 10%.What is the amount of pension expense for 2016?
A) $1,800,000
B) $1,578,000
C) $1,506,000
D) $1,380,000
Correct Answer:
Verified
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