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What Was FRC's Pension Expense for the Year

Question 79

Multiple Choice

What was FRC's pension expense for the year?


A) $44.
B) $47.
C) $49.
D) $107.Service cost (given) = $62 Interest cost (given = $49
Expected return on assets (from plan assets column) = $68 = $(68) in pension expense column
Amortization of prior service cost = from prior service column = $7
Amortization of net gain (from net gain column) = $3 = $(3) in pension expense column
Pension expense = $62 + 49 68 + 7 - 3 = $47

Correct Answer:

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