Silverado maintains a fully funded pension plan. During 2014, $1 million was paid to retired workers, and workers currently employed by the company earned a portion of the right to receive pension payments expected to total $6 million over their lifetimes. Silverado's pension expense for 2014 amounts to:
A) $1 million.
B) $6 million.
C) $7 million.
D) Some other amount.
Correct Answer:
Verified
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