The Following Information Is Related to the Pension Plan of Long

question 29

Multiple Choice

The following information is related to the pension plan of Long, Inc. for 2015. $\begin{array}{lr}\text { Actual return on plan assets } & \$ 200,000 \\\text { Amortization of net gain } & 82,500 \\\text { Amortization of prior service cost due to increase in benefits } & 150,000 \\\text { Expected return on plan assets } & 230,000 \\\text { Interest on projected benefit obligation } & 362,500 \\\text { Service cost } & 850,000\end{array}$ Pension expense for 2015 is

• A) $1,245,000.
• B) $1,215,000.
• C) $1,080,000.
• D) $1,050,000.

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Definitions:

Mushrooms

Fungi that produce a distinctive fruiting body, often edible and used in cooking, but some species are poisonous or have medicinal properties.

Producer

Autotroph. Organism that makes its own food using energy and nonbiological raw materials from the environment.

Detritivore

Animal that feeds on small bits of organic material.

Trophic Category

A classification describing the feeding position and role of an organism in an ecosystem's food chain or web.