What Was FRC's Pension Expense for the Year

question 87

Multiple Choice

What was FRC's pension expense for the year?

• A)$44.
• B)$47.
• C)$49.
• D)$107.Service cost (given) = $62 Interest cost (given = $49
• Expected return on assets (from plan assets column) = $68 = $(68) in pension expense column
• Amortization of prior service cost = from prior service column = $7
• Amortization of net gain (from net gain column) = $3 = $(3) in pension expense column
• Pension expense = $62 + 49 68 + 7 - 3 = $47

---

Definitions:

Core Values

Fundamental beliefs or guiding principles that dictate behavior and action within an organization or individual.

Underlying Assumptions

The basic, often implicit, ideas or beliefs that support and inform a thought process or theory.

Value-Based Management

An approach in business that centers on maximizing shareholder value through strategic decision-making and operational efficiency.

Core Values

Fundamental beliefs or principles that guide an organization's or individual's behavior and decision-making.