The Carrasco Company Has Provided You the Following Information Pertaining

question 23

Multiple Choice

The Carrasco Company has provided you the following information pertaining to its defined benefit pension plan that was adopted on January 1, 2014:
• The service cost was $750,000 during 2014 and $1,125,000 during 2015.
• The contribution to the pension plan was $600,000 on December 31, 2014 and $1,200,000 on December 31, 2015.
• The actuarially determined discount rate and the expected return on plan assets are both 10%.
• The actual return on plan assets was 10.5%.
• Retirement benefits pertaining to years of service prior to 2014 were not granted to the employees.
-What is the pension expense for the year ended December 31,2015?

• A)$1,140,000
• B)$1,065,000
• C)$1,200,000
• D)$1,137,000

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Definitions:

Alcohol Swab

A small pad saturated with alcohol used for cleaning or disinfecting the skin, especially before an injection.

Medication Order

A formal directive given by a healthcare professional for the administration of a specific drug to a patient.

Registered Nurse

A healthcare professional who has completed the necessary education and licensing to provide patient care and support.

Medication Error

A preventable event that may cause or lead to inappropriate medication use or patient harm while the medication is in the control of the healthcare professional, patient, or consumer.