Hubbard, Inc

question 31

Multiple Choice

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

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Definitions:

Nitrite

A chemical compound containing the nitrite ion, commonly found in preservatives and used as a diagnostic marker in medicine.

Microorganisms

Tiny living organisms, often microscopic, that can be bacteria, viruses, fungi, or protozoa.

Primary Media

The main form of mass communication considered to be most influential or widely used, such as television, radio, newspapers, or the internet.

Selective Media

Laboratory media designed to support the growth of specific microorganisms while inhibiting others, used for microbial isolation.