What Is OTC's Pension Expense for the Year

question 41

Multiple Choice

What is OTC's pension expense for the year?

• A)$78.
• B)$72.
• C)$66.
• D)$18.Service cost (from pension expense column) = $62 Interest cost = $(574) + 500 + 62 (from pension expense column) + $25 43 = $(30) = $30 in pension expense column
• Expected return on assets (given) = $(23)
• Amortization of prior service cost = from prior service column = $6
• Amortization of net loss = $78 58 + 2 - 25 = $(3) = $3 in pension expense column
• Pension expense = $62 + 30 23 + 6 +3 = $78

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