The Following Information Relates to the Defined Benefit Pension Plan

question 73

Multiple Choice

The following information relates to the defined benefit pension plan for the Moldor Company for the year ending December 31,2014.

-Using the information above,service cost for the year would be

• A) $390,000.
• B) $129,000.
• C) $94,000.
• D) $59,000.

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Definitions:

Fourteenth Amendment

An amendment to the U.S. Constitution that grants citizenship to all persons born or naturalized in the United States and ensures equal protection under the law.

Due Process Clause

A legal principle that guarantees fair treatment through the normal judicial system, especially as a citizen's entitlement.

Equal Protection

The principle under the Constitution that requires states to govern impartially, not discriminating between different groups of people.

Lemon v. Kurtzman

A 1971 U.S. Supreme Court case that established the Lemon Test for determining the constitutionality of state laws regarding church and state separation.