The Following Information Is Related to the Defined Benefit Pension

question 152

Multiple Choice

The following information is related to the defined benefit pension plan of Simpson Company for the year:

Assuming no other relevant data exist,what is the pension expense for the year?

• A)$ 90,000.
• B)$230,600.
• C)$121,400.
• D)$154,000.

---

Definitions:

Agency Shop Agreements

Labor agreements that require employees to either join the union or pay a fee equivalent to union dues, even if they choose not to become union members.

Fair Representation

The legal duty of a union to represent all members impartially and effectively, especially in negotiations and grievance processes.

Superseniority

A privilege given to union officials that provides them higher priority over other workers in matters of layoffs and recalls, ensuring their positions are more secure.

Union Stewards

Representatives elected by union members to enforce the terms of labor contracts and address grievances.