Use the following information for questions
The following information relates to the pension plan for the employees of Turner Co.:
Turner estimates that the average remaining service life is 16 years.Turner's contribution was $756,000 in 2016 and benefits paid were $564,000.
-The interest expense for 2016 is
A) $537,840.
B) $607,200.
C) $657,360.
D) $880,440.
Correct Answer:
Verified
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